Reuters: Negotiations on the U.S. crypto market structure bill have stalled again, casting a shadow over the future.

CoinFeed reported on March 5th, citing Reuters, that negotiations for the CLARITY Act, aimed at establishing a comprehensive regulatory framework for U.S. digital assets, have reached a new impasse. Banks have stated they cannot support the compromise proposed by the White House, raising questions about the bill's chances of passing this year. The core of the impasse lies in the stablecoin yield provisions: banks oppose allowing stablecoin issuers and crypto companies to offer yield-bearing products, arguing that this would siphon off bank deposits and affect their lending capacity; crypto companies, on the other hand, argue that they must be able to offer yields to attract customers, and prohibiting such practices is uncompetitive. The White House intervened last month, proposing a compromise that allows stablecoin yields in specific scenarios such as peer-to-peer payments, but prohibits paying yields on idle holdings. Crypto companies have accepted this proposal, but banks have stated they cannot support it, believing it could still lead to deposit outflows. Some senators support the banks' position.