White House don make progress for stablecoin talks; advisor propose reward based on transaction

White House hold third meeting between crypto companies and bank lobby groups to try break stalemate for stablecoin rules wey dey stuck for Senate bill (like CLARITY Act). People wey attend include White House crypto adviser Patrick Witt, Coinbase and Ripple executives, Blockchain Association, and main banking groups. Dem no reach final agreement, but White House float compromise: make third parties (for example exchanges) fit give stablecoin rewards wey tie to transaction activity instead of idle balances. That difference dey try reduce banks worry about competition and deposit outflows — U.S. Treasury don warn say adoption fit cause up to $6.6 trillion deposit migration. Participants talk say discussions constructive; banks go caucus separate to decide whether dem go accept transaction‑based rewards approach. For traders, the meeting mean regulatory debate dey narrow: balance‑based yield‑on‑balances look less likely, while activity‑linked stablecoin incentives dey more plausible. Immediate effects include possible volatility for XRP and other stablecoin‑paired markets as regulatory clarity shift expectations for yields and use cases (especially cross‑border payments). Watch Senate legislative moves, White House guidance, and any bank coalition response — these go drive short‑term volatility and shape long‑term adoption scenarios for stablecoins.