The White House is convening a second high-stakes session this Tuesday to address a critical hurdle in the "Clarity Act": whether Stablecoin issuers should be permitted to offer yield or rewards.
While crypto firms argue this is essential for global competition, traditional banks view it as a direct threat to the stability of the $18 trillion U.S. deposit base.
This matters because the "yield" debate is no longer just a technicality — it’s the primary friction point preventing this legislation.
If the administration and industry leaders can't find a compromise on interest, we risk another year of regulatory limbo, pushing American capital and innovation toward offshore markets that have already established clear rules.
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