The White House made a second push this month to broker a stablecoin-yield compromise that could unblock the stalled CLARITY Act — but negotiators left Feb. 10 without a deal. What happened - Officials convened banks and crypto industry representatives for talks on the CLARITY Act’s treatment of stablecoin rewards. Attendees described the session as mixed but “productive.” - According to reporting from Eleanor Terrett on X, the meeting dug into specifics of a stablecoin-yield tradeoff. Banks reportedly pressed for ‘interest prohibition’ guardrails and for a much narrower list of “permissible activities” that could attract stablecoin rewards. Crypto firms pushed back, seeking broader coverage for rewards and clearer rules that won’t limit product innovation. Key voices and reactions - No agreement was reached, but Ripple’s chief legal officer Stuart Alderoty called the meeting “productive” and said “compromise is in the air,” urging lawmakers and industry to fast-track the bill while the window remains open. - Coinbase’s chief legal officer Paul Grewal and Miles Jennings, policy chief at a16z, voiced similar optimism. Notably, Ripple, Coinbase and a16z are among the largest donors behind the crypto super PAC Fairshake. - Tension remains: a16z and Ripple had pushed back after Coinbase withdrew support for the bill in mid-January, and it’s unclear whether all parties align on the proposed stablecoin-yield compromise. - Critics in the industry pushed back hard. BitGo founder Mike Belshe accused negotiators of using stablecoin yield as a stalling tactic: “Both sides should stop re-litigating GENIUS; that battle was fought. If you don’t like GENIUS, amend it. Market structure has nothing to do with yield on stablecoins and must not be delayed further. Get CLARITY done.” Banks’ position - Bank groups at the meeting emphasized the bill must preserve deposit safety. A group statement (via BPI) said any framework should “embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk.” Deadline pressure and market reaction - This was the second White House meeting after an earlier attempt on Feb. 2. The White House has reportedly ordered the two sides to reach a deal by March 1. - Prediction markets reflected the uncertainty. Polymarket’s odds that the CLARITY Act passes in 2026 sat at 56% at the time of reporting — down from 72% after a recent Senate Democrats meeting. Kalshi briefly priced passage at 72% immediately after the Feb. 10 meeting but later repriced the chance to 59%. In short, markets remain unsure whether the bill will become law this year. Bottom line A second round of talks has produced cautious optimism but no consensus. With a White House March 1 deadline and sharp disagreements over whether and how to treat stablecoin rewards, the CLARITY Act’s path to passage remains uncertain. Disclaimer: This article is for informational purposes only and is not investment advice. Trading, buying, or selling cryptocurrency is high-risk; do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news