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Odaily Planet Daily News: Cryptocurrency journalist Eleanor Terrett disclosed that next Tuesday, the White House will hold a new round of cryptocurrency meetings, focusing on the issue of stablecoin yields. This meeting is the second round of a series of meetings, still at the staff level, and will not invite corporate CEOs, but senior policy officials from several banks will attend for the first time.

Insiders say that large banks such as Bank of America, JPMorgan Chase, and Wells Fargo have received invitations, and Citibank, PNC Bank, and US Bank may also participate; banking representative organizations include the Bank Policy Institute, the American Bankers Association, and the Independent Community Bankers of America.

Reports indicate that the banking sector hopes to limit the interest paid by cryptocurrency companies to stablecoin holders, fearing that high-yield accounts will attract deposit outflows and affect the supply of loan funds. Cryptocurrency companies believe that this claim will weaken competition and stifle innovation. Scott Bessenet stated this week that deposit volatility is undesirable and efforts will be made to avoid stablecoin yield payments triggering deposit instability.

This meeting is related to the advancement of the Cryptocurrency Market Structure Bill (CLARITY Act). Patrick Witt, the executive director of the White House Cryptocurrency Council, has urged all parties to reach a consensus by the end of this month.