David Sacks: The crypto industry has made significant concessions on stablecoin yields, and banks should respond accordingly

On February 28, White House Crypto and AI Director David Sacks said, “White House Cryptocurrency Committee Executive Director Patrick Witt has done an excellent job mediating compromises between banks and the crypto industry. No one has worked harder to push for the passage of legislation on crypto market structure. By the way, the crypto industry has already made significant concessions on stablecoin yields, and now it’s time for banks to respond accordingly.”