Banking industry insiders refute anonymous claims: Stablecoin yield negotiations are still ongoing, and March 1 is not the final deadline.

Odaily Planet Daily reports that crypto journalist Eleanor Terrett stated that after anonymous sources claimed the outlook for stablecoin yield negotiations was pessimistic, several industry insiders publicly defended Patrick Witt and the White House stance.

A banking industry insider directly familiar with the negotiations said that last week’s White House meeting attended by representatives from ABABankers, ICBA, and the Bank Policy Institute found the related statements confusing and did not agree with the anonymous sources’ views. They have also provided feedback to the White House.

The insider also mentioned that both sides are still in ongoing discussions about the bill text, and the March 1 deadline is not a decisive cutoff date.