White House AI and Crypto Director: Crypto Industry Has Made Concessions on Stablecoin Yield Issues, Banks Should Respond

Odaily News White House AI and Crypto Affairs Director David Sacks stated on social media that Patrick Witt is advancing compromise progress between the banking industry and the crypto industry, and actively promoting the implementation of market structure legislation.

Sacks said that the crypto industry has made significant concessions on the issue of stablecoin yields and called on the banking sector to respond accordingly.