Market news: Negotiations on stablecoin yields are still ongoing, with March 1 as the non-final deadline

Cryptocurrency journalist Eleanor Terrett stated that several individuals in the crypto industry publicly defended Patrick Witt and the White House's position after anonymous sources claimed a pessimistic outlook for stablecoin yield negotiations.

A banking industry insider with direct knowledge of the negotiation progress mentioned that the banking representatives who attended last week's White House meeting (from ABABankers, ICBA, and the Bank Policy Institute) were confused by the statements and did not agree with the anonymous sources' views, and they have provided feedback to the White House regarding the situation.

The insider also indicated that both parties are still in ongoing communication regarding the bill's text, and the March 1 deadline is not a decisive cutoff date.