2026-02-20 10:09:39

🚨 WHITE HOUSE STABLECOIN TALKS INTENSIFY.

TODAY’S MEETING WAS SMALLER AND ADMINISTRATION LED, WITH DRAFT TEXT DRIVING THE DISCUSSION. 🇺🇸
IN THE ROOM: , RIPPLE, A16Z, THE BLOCKCHAIN ASSOCIATION, AND THE CRYPTO COUNCIL.
NO INDIVIDUAL BANKS ATTENDED. BANKS WERE REPRESENTED BY ABA, BPI, AND ICBA.
YIELD ON IDLE BALANCES IS EFFECTIVELY OFF THE TABLE.
THE FOCUS NOW IS WHETHER ACTIVITY LINKED REWARDS ARE ALLOWED.
DRAFT LANGUAGE WOULD LET THE SEC, TREASURY, AND CFTC ENFORCE A YIELD BAN WITH $500,000 PER DAY PENALTIES, PER ELEANOR TERRETT.
WILL A COMPROMISE BE REACHED BEFORE MONTH END?

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