White House Schedules Stablecoin Yield Meeting for February
- White House to mediate stablecoin yield dispute in crypto legislation.
- Meeting on February 10 aims to resolve differences.
- Outcome could affect the broader digital asset market.
The White House will host a pivotal meeting on February 10, 2026, bringing together crypto firms, banks, and representatives to address disputes over stablecoin rewards.
This meeting could unlock bipartisan support for the CLARITY Act, shaping digital asset market structure and potentially influencing the broader cryptocurrency sentiment.
The White House has scheduled a staff-level meeting for February 10, 2026, to address disputes over stablecoin yield/rewards in the CLARITY Act. This digital asset market structure bill is currently stalled in the Senate Banking Committee.
Key players include crypto firms, such as Coinbase executives, and banking trade groups like the BPI. The White House facilitators are led by Patrick Witt, focusing on fostering consensus between stakeholders involved.
Immediate impacts of the meeting could influence stablecoins and the broader digital asset market. There’s potential for increased market sentiment, with Bitcoin recently noted at a significant low amid ongoing market downturns.
Financial implications include potential $500 billion deposit outflows from traditional banks by 2028 if stablecoin yields are permitted. Banks urge a ban on stablecoin rewards, labeling them “shadow deposits” that could destabilize the financial system.
Today’s White House meeting was an important step forward in finding solutions to deliver bipartisan digital asset market structure legislation, and we applaud Patrick Witt and the Administration’s leadership in bringing stakeholders together to work through one of the key remaining issues: stablecoin rewards. These conversations are exactly what’s needed to bridge differences, build consensus, and ensure Congress can deliver clear, durable rules of the road that protect consumers and support responsible innovation. — Summer Mersinger, CEO, Blockchain Association
Experts anticipate various financial and regulatory outcomes from the meeting. The resolution could notably shift market sentiment and influence the regulatory landscape, aligning with past trends of bipartisan legislative collaboration within the crypto space.
