Crypto industry negotiators arrived at the White House on Tuesday ready to talk about a legislative deal on stablecoin yields, but their banking counterparts weren’t yet prepared to compromise over the Senate’s crypto market structure bill, according to a person familiar with the talks.

The fight over whether stablecoins should be able to offer rewards — a lobbying battle between Wall Street bankers and crypto insiders — is one of the chief headwinds keeping the Senate Banking Committee from advancing the Digital Asset Market Clarity Act. It’s now been a sticking point for months, and the banking side held their ground on prohibiting the rewards activity and more, the person said, despite the White House’s insistence last week that…