The White House pressures Coinbase and the banking industry to negotiate a stablecoin yield compromise. The deadline for this negotiation is the end of February 2026. The goal is to advance the stalled crypto market structure bill.
The legislation stalled after Coinbase withdrew support. Coinbase withdrew support over a proposed ban on stablecoin yields. This ban affects a key revenue stream for the company.
This negotiation places Coinbase at the center of US digital asset regulation. The outcome will influence broader institutional adoption of stablecoins. The administration's pressure highlights its push to establish clearer rules for the crypto market.