The long period of discussion over a proposed crypto market structure has not yet concluded, as neither crypto firms nor banks in the US have been ready to accept stablecoin-related matters.
Recently, during the White House stablecoin yield meeting, crypto firms and banks called it a productive meeting; however, disputes stemmed as both teams could not agree on whether stablecoin issuers and platforms should be allowed to provide yields.
The March 1 deadline looms as stablecoin talks stall
As announced in January 2026, the White House-initiated meeting gathered crypto firms and banks to discuss the controversial stablecoin provisions in the crypto market structure bill. The bill had questions on the terms and conditions under which stablecoin issuers and platforms should be allowed to offer rewards (yields).
Traditional banks are against stablecoins offering rewards, and they urged for strict limits on offering rewards. Meanwhile, crypto firms, as is clear, voiced for more flexibility for yield features. The White House initiated the discussion in order to negotiate; however, the meeting ended with no fruitful results.
With the new delay, the crypto market structure legislation cannot advance in Congress. The White House has urged both teams to conclude by March 1, 2026.
The discussion happened between prominent crypto firms and organization such as Coinbase, a16z, Crypto Council for Innovation, Blockchain Association, Ripple, and others, and banking firms like Goldman Sachs, JP Morgan, Bank of America, Citi, and more.
White House conducts follow-up meeting after the first one
As US journalist Eleanor Terret noted, the meeting was a smaller, more productive meeting than the first. “Both sides are talking about ways to solve the issues at hand, but no final resolution has been reached yet.”
The first meeting happened on February 2, which crypto adviser Patrick Witt remarked as “constructive” and even fact-based.
In this meeting, both parties discussed in depth how stablecoin could be operated under the regulations. In other words, the first meeting was for general discussions, and the second one was for a final negotiation regarding stablecoins offering yields.
The core discussion over the crypto market structure bill started in May 2025, and the draft structure went through key milestones after the House passed the bill with bipartisan support in July 2025.
