The Digital Chamber, the largest blockchain trade association in the U.S. with 250+ members, released its own stablecoin reward principles on Friday. The document directly challenges banks’ demand for a total ban on stablecoin yield under the CLARITY Act.

This follows two White House meetings between crypto firms and banking leaders that ended without a deal.

At the Feb 10 session, banks arrived with a one-page paper titled “Yield and Interest Prohibition Principles” calling for a blanket prohibition on any stablecoin rewards.

What the Digital Chamber Is Willing to Give Up

The Digital Chamber is ready to drop interest-like payments on idle stablecoin holdings, the type of reward that most closely resembles a traditional bank savings…