🇺🇸 The White House will hold a second meeting on Tuesday with representatives from the crypto and banking industries to discuss whether crypto companies should be allowed to pay yields on stablecoins. Major banks such as JPMorgan Chase and Bank of America are expected to attend. Banks want to impose limits to prevent deposit outflows, as this could reduce their lending capacity, while the crypto side argues this is a way to protect the banks' interests. Treasury Secretary Scott Bessent has also acknowledged concerns about deposit volatility. This issue is directly impacting crypto regulations, and the White House is pushing for both sides to reach an agreement before the end of the month. PS: This is essentially a battle between crypto companies and banks for deposits, disguised as consumer protection. For many crypto users, the yield from stablecoins isn't that important. The most important thing is that crypto laws are passed, as they will Vai as a shield protecting the industry from the risk of future US administrations changing their tune and cracking down on or attacking crypto.