Reunião na Casa Branca debate regulamentação de recompensas de stablecoin; bancos defendem restrições, cripto vê oportunidade, e consenso ainda depende de negociações futuras.

Stablecoin rewards debate intensifies at White House meeting
Representatives from Coinbase, major crypto trade associations and leading banking groups met at the White House on Monday to discuss how stablecoin rewards should be regulated and whether third-party platforms should be allowed to offer them.
The meeting, led by Patrick Witt of the President’s Council of Advisors for Digital Assets, was viewed by crypto advocacy groups as a key step toward resolving one of the most contentious issues still holding up broader digital asset market structure legislation in Congress.
At the center of the debate is whether platforms like Coinbase can provide yield or rewards linked to stablecoins. The GENIUS stablecoin law bars issuers from paying direct interest to holders, but does not explicitly prohibit third-party platforms from offering rewards. Banking groups argue such programs could pull deposits away from traditional banks, particularly community institutions, while crypto firms counter that the issue was already debated and accuse banks of trying to stifle competition.
According to a source familiar with the meeting, discussions were active, but bank representatives took a firm stance and appeared to lack flexibility to negotiate compromises on behalf of their member institutions. The White House is expected to narrow the group in future sessions and push participants to come prepared to make concrete decisions and concessions.
Although no final agreement was reached, participants said the meeting helped clarify key pain points and potential areas for compromise. Industry representatives expressed cautious optimism that a resolution could emerge in the coming weeks as lawmakers continue working to advance comprehensive crypto legislation.