TechFlow News: On February 11, according to Eleanor Terrett’s disclosure, the follow-up meeting convened by the White House on stablecoin yield issues did not reach a final compromise, but discussions between the parties grew more in-depth. Attendees revealed that banking representatives, for the first time, expressed willingness to consider “any proposed exemption”—a significant concession, as banks had previously firmly opposed any transaction-based reward exemptions. The central focus of the meeting centered on the definition of “permissible activities,” with crypto firms advocating for a broad definition and banks pushing for stricter limitations.
Attendees included representatives from major banks such as Goldman Sachs, JPMorgan Chase, and Bank of America, as well as crypto companies including Coinbase and Ripple. Patrick Witt, Executive Director of the White House President’s Crypto Council, chaired the meeting and urged both sides to reach an agreement by March 1. Discussions will continue over the coming days, though it remains uncertain whether another large-scale meeting will be held before month-end.
