White House sets February deadline to settle $6.6 trillion fight between Coinbase and banks

The White House’s end-of-February deadline for banks and crypto firms to resolve the “stablecoin yield” debate exposes a structural fault line that was never going to stay buried.

This isn’t a speed bump on the road to crypto-friendly regulation. Instead, it’s a core collision that happens when digital dollars scale large enough to threaten the business model of deposit-taking itself.

According to multiple reports, the White House convened banks and crypto representatives with an explicit mandate:…