Insider: Stablecoin Yield Agreement Unlikely to Be Reached Before March, Disagreements Hamper Market Structure Bill Progress

Odaily News According to crypto journalist Sander Lutz, citing a banking industry source directly involved in the negotiations, the White House hopes to reach an agreement on stablecoin yields by the end of this week, but such an agreement is unlikely to be finalized before March. The source stated that Patrick Witt's previous public claim of reaching an agreement before March is unrealistic.

The insider pointed out that significant differences remain between the crypto industry and banking lobbying groups regarding stablecoin yields, and these disagreements have already impacted the progress of the crypto market structure bill. "The text is circulating, but there is still a gap before a final bill is formed."

The source also mentioned that if Coinbase CEO Brian Armstrong does not participate in the negotiations, there is a risk of the agreement failing. Although the banking side hopes to reach an agreement, the probability of the bill passing in the coming month may significantly decrease.