Key Highlights
- The White House has scheduled a high-priority meeting for Tuesday, February 10, 2026, which is likely to discuss yield rewards on stablecoins
- The discussion is expected to happen around loopholes in the 2025 GENIUS Act that allow crypto exchanges like Coinbase offer rewards
- This is part of ongoing legislative efforts for the crypto sector, including the Senate’s CLARITY Act
The Trump administration is pushing hard to break a major deadlock over cryptocurrency rules. According to Eleanor Terrett, high-stake meeting is scheduled for February 10. This discussion is mainly focused on whether stablecoin holders can earn yield rewards.
🚨SCOOP: The next iteration of the White House stablecoin yield discussions between crypto and the banks has been scheduled for Tuesday, a source within the banking industry tells me. The confab will again be staff-level, but this time representatives from the banks themselves…
— Eleanor Terrett (@EleanorTerrett) February 6, 2026
Important Discussion for Stablecoin Negotiations to Include Banks for First Time
This new round of talks is a direct representation of traditional banks, which will join the discussions for the first time, sitting alongside executives from major crypto industry groups.
The dispute has sparked a discussion on market-structure legislation for months. It is expected that a provision in the landmark GENIUS Act of 2025, which permits third parties, such as exchanges like Coinbase, to offer incentives on USD-pegged stablecoins, while prohibiting the issuers themselves from paying direct interest.
Banks view this as a dangerous loophole. Industry analyses warn it could trigger a massive shift of deposits from traditional bank accounts into crypto-based stablecoin products. The estimates range from $500 billion to $1 trillion by 2028.
Bank representatives argue these outflows threaten their ability to lend and could destabilize the financial system.
They argue that allowing rewards boosts crucial innovation and healthy competition in digital finance, accusing traditional banks of trying to stifle progress to protect their own business models.
Tuesday’s meeting comes just days after a prior session on February 2 ended without a deal. That meeting, hosted in the Eisenhower Executive Office Building and led by President Trump’s crypto adviser Patrick Witt, was described by attendees as constructive but ultimately deadlocked.
Following that session, the White House reportedly set a firm deadline for a compromise by the end of February 2026.
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