Feb. 10 White House Meeting Could Shape Future of U.S. Crypto Regulation

• White House hosts Feb. 10 meeting to resolve stablecoin yield dispute.
• Senate lawmakers say crypto market structure bill could advance this year.
• Banks oppose yield-bearing stablecoins over concerns of deposit outflows.

The White House is scheduled to hold a second meeting on Tuesday afternoon (Feb 10) with representatives from the cryptocurrency and banking industries, aiming to resolve one of the most contentious issues in the proposed U.S. crypto market structure legislation: whether stablecoin holders should be allowed to earn yield.

According to sources familiar with the plans, the gathering, similar to last week’s initial meeting, will not include company chief executives but will bring together senior policy staff from major banks and crypto-sector representatives. 

Invitations have reportedly been sent to leading financial institutions, including Bank …

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