Crypto Firms Propose Concessions to Banks as Stablecoin Disputes Stall Key Crypto Bill – Report — TradingView News
Some crypto firms have come up with new compromises to banks related to stablecoin disputes, revealed. However, no agreement has been reached so far.
The US crypto market structure pessimism has increased after the White House failed to resolve the stablecoin “yield vs rewards” impasse during the Monday meeting. The meeting saw industry groups and representatives from exchanges, as well as Wall Street bankers.
Though not all crypto firms were offering new concessions, some proposed bigger roles for banks directly in the stablecoin ecosystem. These include bank-issued tokens through partnerships, holding reserves, among others, unnamed sources told the publication.
The proposals aim to address fears from community banks about…
