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Market News: Stablecoin yield negotiations are still ongoing, with March 1st not being the final deadline.
ChainCatcher News, encrypted journalist Eleanor Terrett reports that after anonymous sources expressed pessimism about the prospects of stablecoin yield negotiations, several crypto industry figures publicly defended Patrick Witt and the White House stance.
A banking industry insider directly involved in the negotiations said that last week’s White House meeting attended by representatives from ABABankers, ICBA, and the Bank Policy Institute left them confused about the related statements and did not agree with the anonymous sources’ views. They have also provided feedback to the White House.
The insider further stated that both sides are still in ongoing discussions about the bill text, and the March 1 deadline is not a decisive cutoff.