🚨 UPDATE:
The White House has set a March 1 deadline to advance the crypto market structure bill.
A key decision has reportedly been made — and it’s unfavorable for crypto firms and stablecoin holders: no yield on idle stablecoin balances.
Today’s session was led by the White House, which presented draft legislation and directed the discussion. Major industry players including Coinbase, Ripple, and Andreessen Horowitz (a16z), along with crypto trade groups, were present. Traditional banks participated through national banking associations.
The draft text makes clear that companies cannot offe