Crypto industry, banks not yet close to stablecoin yield deal at White House meeting
At a White House meeting called to thaw the ice between crypto firms and Wall Street bankers, the eager crypto insiders — who outnumbered the bankers by a wide margin — came away feeling the banks were dragging their heels on making a deal on crypto market structure legislation.
The White House gave them all new marching orders, according to people familiar with the talks: Get to a compromise on new language on stablecoin yields before the month is out.
The crypto industry’s top policy priority is still struggling to make headway in the U.S. Senate, and the longer it’s delayed from getting a floor vote in the overall Senate, the less likely it is to happen this year.
The Monday gathering — led by President Donald…
