The White House will host a cryptocurrency conference next Tuesday, focusing on stablecoin yields and, for the first time, inviting bank representatives.

According to Crypto In America, the White House will hold another cryptocurrency conference next Tuesday, focusing on stablecoin yields. This is the second in a series of meetings, still at the staff level, but for the first time, senior policy officials from several banks will be invited to attend, including Bank of America, JPMorgan Chase, and Wells Fargo. Citigroup, PNC Bank, and U.S. Bancorp may also participate. Banks want to restrict cryptocurrency companies from paying interest to stablecoin holders to prevent high-yield accounts from causing deposit outflows and affecting loan availability, while the cryptocurrency industry believes this move will weaken competition and stifle innovation.