The White House stablecoin earnings meeting has made progress, with banks first showing willingness to consider reward exemptions

According to Eleanor Terrett's disclosure, the subsequent meeting on stablecoin yield issues held by the White House did not reach a final compromise, but both sides engaged in deeper discussions.

According to attendees, the banking representatives expressed for the first time a willingness to consider "any proposed exemptions," which is seen as a significant concession, as banks had previously been firmly opposed to any transaction-based reward exemptions. The meeting focused on the definition of "permissible activities," with crypto companies hoping for a broad definition, while banks advocated for stricter limitations.