The U.S. crypto bill faces opposition from Wall Street banking groups over stablecoin yields, and The Digital Chamber proposes a compromise plan to push both sides toward an agreement.

Odaily Planet Daily reports that despite President Trump and government officials urging both sides to seek a compromise, a meeting between Wall Street bankers and cryptocurrency executives at the White House this week ended in a deadlock. The banks insisted that any stablecoin yields or rewards are unacceptable, arguing that such returns threaten the core deposit activities of the U.S. banking system, and outlined their position in a paper titled “Prohibition of Earnings and Interest Principles.” The Digital Chamber posted on X that the industry organization released a set of principles for stablecoin legislation, aimed at responding to and countering the regulatory suggestions previously made by Wall Street banks to U.S. lawmakers. The organization advocates that stablecoin issuers should be able to access the Federal Reserve’s payment system and that non-bank institutions should be permitted to issue stablecoins under appropriate regulatory frameworks. These principles emphasize that stablecoin regulation should focus on the transparency and liquidity of reserves, rather than fully integrating them into traditional banking regulation. (Coindesk)