White House Reaches Tentative Crypto Regulatory Agreement: Report

Key senators and the White House have reportedly reached a tentative agreement on cryptocurrency legislation, aiming to resolve a dispute over stablecoin yields that had stalled the bill in the Senate Banking Committee since January. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) confirmed an "agreement in principle" designed to balance innovation with financial stability, specifically addressing concerns from Wall Street groups that stablecoin rewards could cause widespread deposit withdrawals from traditional banks.

The legislation builds upon the 2025 GENIUS Act, which established a federal framework for stablecoins. The current market-structure bill, sometimes called the CLARITY Act, seeks to define oversight for trading platforms and digital asset infrastructure. The sticking point was whether regulated exchanges could offer yield-bearing rewards on stablecoin holdings, which banks view as risky, deposit-like products.

The tentative deal suggests a compromise, possibly barring yield payments on passive stablecoin balances while potentially allowing activity-based rewards. This progress signals a potential vote on the market-structure bill by April, which could establish the first major federal regulatory framework for digital assets in the U.S.

(Source：Bitcoin Magazine)