[White House Stablecoin Yield Meeting: Banks Consider Exemption Proposal for the First Time] On February 11, the follow-up meeting on stablecoin yield issues at the White House delved deeper into discussions. Banks expressed willingness for the first time to consider any proposed reward exemptions, having previously firmly opposed transaction-based reward exemptions. The meeting focused on the definition of 'permitted activities,' with crypto companies advocating for a broad definition, while banks demanded strict limitations. Attendees included representatives from banks such as Goldman Sachs, JPMorgan Chase, and Bank of America, as well as crypto companies like Coinbase and Ripple. The meeting was chaired by Patrick Witt, Executive Director of the White House Presidential Cryptocurrency Committee, who urged both sides to reach an agreement by March 1. Further discussions in the coming days will determine whether a new meeting will be convened.