Banks and crypto companies were unable to reach an agreement on stablecoin fees and interest payments at the second White House meeting. Key points to unblock Bitcoin (BTC) industry law and other digital assets being debated in the US Senate.
At a meeting on Tuesday, February 10, both banks submitted a document entitled “Prohibition of Yield and Interest Principles”. this draft Classifies payment stablecoins as non-remuneration instrumentsproposes limitations on economic or non-economic incentives associated with its acquisition, use, or possession. The aim is to maintain what the bank calls “the stability of the banking system” and limit exceptions as much as possible.
Although some people described the session as “productive,” the participants They could not bridge their differences.. Cryptocurrency advocates are calling for a broad definition to preserve rewards in stablecoins, while banks argue for the need for tighter limits.
However, bank officials close to the process mentioned the possibility of: consider specific concessions, such as limited exemptions; This is something the banking industry has strongly opposed in the past.
Celebrities from both fields attended
The conference brought together luminaries from both fields. Traditional financial sector attendees included executives from Goldman Sachs, JPMorgan and Bank of America, as well as representatives from industry groups such as the Banking Policy Institute.
The stablecoin sector delegation included Paul Grewal from Coinbase and Stuart Alderoty from Ripple. Meanwhile, Patrick Witt, executive director of President Donald Trump’s Council of Advisors, led the conversation.
A productive session today at the White House. There is a sense of commitment. There is clearly bipartisan momentum behind sensible legislation regarding crypto market structure. We must move forward while the window is still open and deliver real wins for consumers and America.
Stuart Alderroti, General Counsel, Ripple.
Coinbase Chief Legal Officer Paul Grewal expressed his gratitude for the White House’s call and emphasized the crypto industry’s willingness to cooperate and the progress it has made. Even though he acknowledged that The work to achieve adequate regulation is not yet completed.
Meanwhile, Dan Speller, executive vice president of the Blockchain Association, summed up the outlook for the field with an optimistic message: “We will be successful.”
As mentioned earlier in this memo, this second dialogue table, which followed the previous session, was primarily aimed at unblocking digital asset legislation in the U.S. Senate. According to a report from CriptoNoticias, regulation remains stalled due to disagreements over stablecoin rewards.
The White House has set a deadline of March 1, 2026. Although it was clear that bilateral talks would continue, It has not been confirmed that another plenary session will be held.
With the growing influence of stablecoins, there is an urgent need to regulate them. With a market capitalization of over $300 billion as of February 2026, and with USDT and USDC by far the most traded, these assets have become important components of the financial ecosystem.