White House Stablecoin Discussions Continue, March 1st Not a Hard Deadline

Negotiations between the White House and the banking sector regarding stablecoin yield arrangements are ongoing, according to reporter and host Eleanor Terrett. Representatives from various banking lobby groups, including the American Bankers Association (ABA), the Independent Community Bankers of America (ICBA), and the Bank Policy Institute, have expressed confusion over an anonymous source describing the talks as "nihilistic" and have clarified their disagreement with this assessment to the White House.

The anonymous source had previously claimed that White House official Patrick Witt, responsible for stablecoin policy, had committed to a yield agreement by March 1st. However, banking representatives indicated that they are still providing feedback on the legislative text, and March 1st is not necessarily viewed as a definitive deadline, with negotiations not having broken down.

Banking industry representatives are reportedly clarifying their stance to the White House, aiming to counter claims of a stalled negotiation process for stablecoin yield agreements.

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