The White House is holding key discussions with banking leaders and crypto industry representatives over stablecoin yields. ๐ฌ The debate centers on whether stablecoins โ digital tokens pegged to the U.S. dollar โ should be allowed to offer interest or rewards to holders. Crypto firms argue itโs essential for innovation, while traditional banks warn it could divert deposits from conventional financial systems. ๐ Recent meetings report constructive talks, but no final agreement has been reached. The White House is exploring a compromise that may limit rewards tied to idle balances while supporting transaction-based incentives to foster innovation and protect consumers. ๐ The outcome could shape the future of digital finance, stablecoin regulation, and the interaction between traditional banking and crypto markets. #stablecoins #crypto #regulation #digitalassets #cryptoPolicy
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๐ข #WhiteHouseTalksStablecoinYields Update ๐บ๐ธ
The White House is holding key discussions with banking leaders and crypto industry representatives over stablecoin yields.
๐ฌ The debate centers on whether stablecoins โ digital tokens pegged to the U.S. dollar โ should be allowed to offer interest or rewards to holders. Crypto firms argue itโs essential for innovation, while traditional banks warn it could divert deposits from conventional financial systems.
๐ Recent meetings report constructive talks, but no final agreement has been reached. The White House is exploring a compromise that may limit rewards tied to idle balances while supporting transaction-based incentives to foster innovation and protect consumers.
๐ The outcome could shape the future of digital finance, stablecoin regulation, and the interaction between traditional banking and crypto markets.
#stablecoins #crypto #regulation #digitalassets #cryptoPolicy