On February 2, the White House convened Coinbase, several crypto industry organizations, and banking associations to discuss regulatory approaches to stablecoin rewards and whether third-party platforms should be allowed to offer related yields to users. The meeting was chaired by Patrick Witt, a member of the President's Digital Assets Advisory Committee. The crypto industry sees this meeting as an important step toward bipartisan digital asset legislation, but the banking sector took a tougher stance, expressing concerns that stablecoin rewards could divert bank deposits and impact community banks. Sources say no final consensus was reached at the meeting, but key points of disagreement and potential compromise paths were identified, with the goal of finding a solution by the end of February. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56071