Insider: Stablecoin yield protocols are unlikely to be agreed upon before March, with disagreements hampering the progress of the Market Structure Act

Odaily Planet Daily reports that crypto journalist Sander Lutz, citing a banking industry insider directly involved in negotiations, said the White House hopes to reach an agreement on stablecoin yields by the end of this week, but it is unlikely that the agreement will be completed before March. The insider stated that Patrick Witt’s previous claim that an agreement would be reached before March is unrealistic.

Sources indicate that there are still significant disagreements between the crypto industry and banking lobbying groups on stablecoin yields, which have affected the progress of the Crypto Market Structure Act. “The text is circulating, but there is still a gap before a final bill is formed.”

The insider also mentioned that if Coinbase CEO Brian Armstrong does not participate in the negotiations, there is a risk of the agreement failing. Although banks hope to reach an agreement, the probability of the bill passing in the next month may significantly decrease.