Negotiations between the White House and the banking industry regarding stablecoin yields are still ongoing, and March 1st may not be seen as a "life-or-death" deadline.

PANews reported on February 28 that journalist and host Eleanor Terrett tweeted that negotiations between the White House and the banking and crypto industries regarding stablecoin yield arrangements are still ongoing. Representatives from several banking lobbying groups (including the American Bankers Association (ABA ), the Independent Community Bankers Association (ICBA) , and the Bank Policy Institute ) expressed confusion over an anonymous source describing the negotiations as "nihilistic" and have clarified to the White House that they do not agree with this description. This source previously claimed that Patrick Witt, the White House official in charge of stablecoin policy, promised to reach a yield agreement by March 1 , but banks believe that both sides are still repeatedly providing feedback on the bill's text and may not necessarily consider March 1 a "life-or-death" deadline, meaning the negotiations have not broken down.