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Sources: Stablecoin yield protocol unlikely to be finalized before March; disagreements are hindering progress on the market structure bill
Svmuu News: Crypto reporter Sander Lutz, citing a banking industry source directly involved in the negotiations, reported that the White House hopes to reach an agreement on stablecoin revenue by the end of this week, but it is unlikely that a deal will be finalized before March. The source stated that Patrick Witt’s earlier claim that an agreement would be reached by March was unrealistic.The source pointed out that significant differences remain between the crypto industry and banking lobby groups regarding stablecoin revenue, and these differences have already hindered progress on the Crypto Market Structure Act.“Drafts are circulating, but there is still a gap before a final bill is formed,” the source added. They also noted that if Brian Armstrong, CEO of Coinbase, does not participate in the negotiations, there is a risk the agreement could fail. Although the banking sector hopes to reach an agreement, the likelihood of the bill passing within the next month is expected to drop significantly.
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