🚨NEW: Lots of crypto industry folks jumping to the defense of @patrickjwitt and the White House following comments from an unnamed source claimed to be directly involved in the stablecoin yield talks. I shared the post and the Crypto Twitter reaction with a banking-side source who has direct knowledge of the negotiations. They said the bank trade representatives (from @ABABankers, @ICBA and @bankpolicy) who attended last week’s White House meeting were perplexed by the characterization, do not share the unnamed source’s views and have already relayed that to the White House. Additionally, they’re unsure why the individual characterized the situation in such “nihilistic” terms, noting that both sides are still giving input on text and aren’t necessarily living or dying by the March 1st deadline.(Eleanor Terrett)