Sacks Urges Banks to Reciprocate on Stablecoin Concessions to Advance Legislation

David Sacks, White House Lead for Crypto and AI, stated on X that Patrick Witt, an advisor, is actively facilitating a compromise between banks and the crypto industry to advance market structure legislation. Sacks indicated that the cryptocurrency industry has made significant concessions regarding stablecoin yields and interest, urging banks to reciprocate these efforts.

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