A closed-door meeting at the White House today was to tackle a dispute stalling the CLARITY Act. Banks want to ban yields on digital dollars like USDC to protect deposits, while crypto firms argue yields drive innovation. Senior executives from Coinbase, Ripple, and Andreessen Horowitz joined banking representatives to seek a compromise before a March 1 deadline.
CLARITY Act: Banks and Crypto Make Progress Following “Constructive” Dialogue at White House Meeting
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