No Consensus on Stablecoin Yield Issues in Third U.S. Cryptocurrency Bill Discussion

According to multiple U.S. industry media reports, on February 20th, the White House convened the third private discussion with representatives from the cryptocurrency and banking sectors at 9 AM Eastern Time. The discussion was part of the negotiations surrounding the 'Cryptocurrency Market Structure Act (Clarity Act)', with the primary point of contention being the regulation of stablecoin yields.

The discussion significantly exceeded the scheduled two hours. There were instances where the White House took participants' mobile phones and applied pressure not to allow leaving until a consensus was reached. However, insiders have revealed that the discussions ultimately did not result in a compromise.

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