The White House held a second meeting aimed at brokering a stablecoin yield compromise to advance the stalled CLARITY Act crypto market structure bill. Discussions revealed a divide, with banks seeking to restrict stablecoin yield activities and crypto firms pushing for expanded rewards. No deal was reached, but key industry figures described the talks as productive, while prediction markets showed mixed odds for the bill’s passage in 2026.
The White House convened a second meeting on February 10th to broker a stablecoin yield compromise and restart progress on the crypto market structure bill known as the CLARITY Act. Attendees included representatives from banks and the cryptocurrency industry, who shared mixed opinions on the discussions. According to reporter Eleanor Terrett, specifics of a potential deal were discussed, with banks advocating for ‘interest prohibition’ principles.
Banks also sought to narrow the ‘permissible activities’ eligible for stablecoin rewards, while crypto industry players argued for expanded coverage. Following the meeting, Ripple’s chief legal officer, Stuart Alderoty, stated, “Productive session at the White House today – compromise is in the air.” His sentiment was echoed by legal chiefs from Coinbase and a16z. Conversely, BitGo CEO Mike Belshe criticized using the stablecoin yield issue to delay the bill.
Banking representatives insisted any legislation must not undermine bank deposits or local lending. The White House has reportedly instructed both industries to reach a deal by March 1st. Prediction markets reflected ongoing uncertainty about the bill’s fate. On Polymarket, the odds of the CLARITY Act becoming law in 2026 stood at 56%, a drop from 72% earlier. Kalshi bettors similarly repriced passage odds to 59% following the meeting.
