White House Plans Another Meeting to Resolve Stablecoin Yield Dispute

Talks between banking groups and crypto leaders remain unfinished over rules for stablecoin rewards.

Published on Feb. 20, 2026

Got story updates? Submit your updates here. ›

The White House is preparing for the possibility of another high-level meeting on stablecoin yield rules after the latest round of talks between banking groups and cryptocurrency industry leaders ended without a clear resolution, leaving a major piece of U.S. crypto legislation in limbo. Officials and industry insiders say the dispute over whether holders of dollar-pegged stablecoins should be able to earn interest-like rewards remains the most contentious issue blocking progress on the Digital Asset Market Clarity Act.

Why it matters

The dispute over stablecoin rewards is a key sticking point in the development of new crypto regulations in the U.S. Banks are concerned that stablecoin rewards could lead to a significant loss of deposits, while crypto companies argue that rewards are necessary to remain competitive and prevent consumers from turning to less regulated options.

The details

The White House held meetings to find common ground between the banks and crypto companies, including the latest one on February 3, 2026. However, the two sides could not agree on clear rules for stablecoin rewards. Banks have raised concerns that they could lose up to $500 billion in deposits by 2028 if consumers move their money into stablecoins with higher returns. Crypto companies counter that users are already seeking ways to earn higher rewards and interest, and banning stablecoin rewards will push them towards unregulated channels, increasing consumer risks.

  • The White House held a meeting on February 3, 2026 to discuss the future of crypto in the economy.
  • The White House is now planning another meeting, likely to happen on Thursday, to try to resolve the dispute over stablecoin rewards.

The players

White House

The executive office of the President of the United States, which is preparing for another meeting to resolve the dispute over stablecoin rewards.

Banking groups

Organizations representing traditional banks, which are concerned that stablecoin rewards could lead to a significant loss of deposits.

Cryptocurrency industry leaders

Representatives from the crypto industry, who argue that rewards are necessary for stablecoins to remain competitive and prevent consumers from turning to less regulated options.

Blockchain Association

A crypto advocacy organization that was involved in the discussions.

Coinbase

A major U.S.-facing cryptocurrency exchange that was involved in the discussions.

Got photos? Submit your photos here. ›

What’s next

The White House is trying to bring both the banking groups and crypto industry leaders back to the table for another meeting to try to reach a compromise on the rules for stablecoin rewards. The talks will act like a careful drafting process, with the White House proposing changes to the language of the new rules for lawmakers to use.

The takeaway

The dispute over stablecoin rewards is a key sticking point in the development of new crypto regulations in the U.S., with banks concerned about potential deposit losses and crypto companies arguing that rewards are necessary to remain competitive. The White House is taking an active role in trying to facilitate a compromise between the two sides, recognizing the importance of resolving this issue for the broader crypto regulatory framework.