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Banking industry insiders refute anonymous claims: Negotiations on stablecoin yields are still ongoing, and March 1 is not the final deadline
Svmuu News: Crypto reporter Eleanor Terrett reports that after an anonymous source described the outlook for stablecoin yield negotiations as bleak, several figures in the crypto industry have publicly defended Patrick Witt and the White House’s position. A banking industry insider with direct knowledge of the negotiations stated that banking representatives (from ABA Bankers, ICBA, and the Bank Policy Institute) who attended last week’s White House meeting were confused by the reports, did not agree with the anonymous source’s views, and have already provided feedback to the White House. The source also noted that both sides remain in ongoing communication regarding the bill’s text, and the March 1 deadline is not a firm cutoff date.
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