In the White House, banks and crypto companies gathered to finally decide whether stablecoins can offer yields.
And, surprise: no one agreed on anything.
Banks, as always, have switched to the mode of 'we are against everything that is competition for us':
let's ban any interest, cashback, rewards, even a hint of yield.
and anyone who tries to circumvent it — will be cut down.
The crypto business, predictably, said: 'Are you even there?', and the negotiations went to hell.
At the table sat Ripple, Coinbase, and the entire crypto elite, opposite them — Goldman Sachs, Citi, JPMorgan.
Final?
Zero result. The bill is back in a coma.
The real reason is simple:
Banks are afraid that yield-bearing stablecoins will turn their deposits into museum exhibits.
Crypto refuses to play by the rules of the 1980s banking world.
So, the regulation of stablecoins in the USA is stalled again.
The battle for control over future 'crypto-dollars' continues,
and the market, as always, pays the price of volatility for someone's political ego.