White House: "Reach a conclusion by end of this month"…Pressure mounts for compromise on stablecoin yield language

The White House has reportedly issued clear guidance to the crypto industry and the banking sector to produce a compromise by the end of this month on language related to stablecoin yield.

On the 2nd (local time), CoinDesk, citing sources familiar with the matter, reported that the White House told participants in a stablecoin meeting to organize the key points of contention surrounding “stablecoin yield language” by the end of the month and come up with compromise options.

The crypto industry is treating the guidance as a potential breakthrough in negotiations. An industry official said, “This is a signal to move beyond general discussions and start adjusting actual legislative language,” adding, “With the White House specifying a deadline, the political burden has also increased.”

Banks, however, are maintaining a cautious stance. Many bank-side attendees were representatives of industry associations rather than individual financial institutions, arguing that flexible negotiations are difficult without first gathering views from member firms internally. This has fueled complaints within the crypto industry that banks are trying to buy time.

Stablecoin yield is currently one of the biggest flashpoints in the U.S. crypto market structure bill. Banks argue that offering yields through platforms could trigger deposit outflows and financial instability, while the crypto industry counters that blocking even third-party rewards amounts to excessive regulation.

The bill has already passed the House and cleared the Senate Agriculture Committee, but discussions have stalled ahead of a vote in the Senate Banking Committee. In the market, there is also talk that if no compromise is reached on stablecoin yield language by the end of this month, the broader legislative timetable could slip beyond this year.

Attention is focused on whether the White House’s “end-of-month deadline” will prove to be a turning point that breaks the deadlock—or simply another political deadline.