I noticed an interesting turn in the stablecoin negotiations. It seems there is a significant gap between what is being said in the press and what is actually happening.

Eleanor Therriet shared some intriguing information: several major players in the crypto sphere unexpectedly came out in defense of Patrick Witte and the administration's position. It all started when someone anonymously expressed pessimism regarding the progress of the stablecoin yield negotiations. The reaction was immediate.

According to ChainCatcher, one of the insiders from the banking world involved in the negotiations revealed some interesting details. It turns out that representatives from ABA Bankers, ICBA, and the Banking Policy Institute, who attended the meeting at the White House a week ago, were clearly puzzled by these anonymous statements. They strongly disagreed with such an assessment of the situation and even reported their objections to the administration.

More importantly: the process is far from over. Both sides continue active discussions on the bill's text. The date of March 1, which many saw as the final deadline, is not actually definitive. Negotiations are still ongoing, and the White House clearly has no intention of rushing to conclusions.

It turns out that much more is happening behind the scenes than meets the eye. It’s worth keeping an eye on how the situation develops further.