White House Stablecoin Talks End Without Deal but Show Progress

High-level discussions between major banks and crypto industry leaders at the WHITE House concluded without a final agreement on stablecoin reward regulations. Participants described the meeting as productive, with more substantive dialogue than previous sessions. The March 1 deadline looms as both sides seek common ground.

Banking giants including JPMorgan and Goldman Sachs presented written red lines, opposing unrestricted interest-like rewards from non-bank crypto firms. A subtle shift emerged in their position—language suggesting potential exemptions marked a departure from previous absolute opposition. The crypto sector continues pushing for greater operational freedom.

Patrick Witt of the President's Crypto Council led the talks, attended by Senate Banking Committee staff. The focused session built on earlier, broader discussions. While Core disagreements persist, the incremental progress signals growing institutional engagement with digital asset frameworks.