The deadlock over the CLARITY Act has escalated into a heated standoff, with both the banking and crypto industries holding firm positions. The White House has called for a compromise to be reached by the end of this month.#Gate广场发帖领五万美金红包

On February 14, the deadlock over the stablecoin yield provisions in the U.S. Senate’s Crypto Market Structure Act (the "CLARITY Act") has become intense, with the crypto camp insisting that user rewards are indispensable.

This week, despite urging from Trump administration officials for both sides to seek a compromise, another White House meeting between Wall Street bankers and crypto executives ended in failure. The banking side took a hard stance, asserting that any form of stablecoin yield or reward is unacceptable, claiming such rewards threaten the core of the U.S. banking system—the deposit business. They outlined their position in a one-page document titled "Prohibition of Earnings and Interest Principles."

The Digital Chamber responded directly, releasing its own principles document on Friday, supporting the provisions in the Senate Banking Committee draft that outline acceptable reward scenarios. The document clearly states: as long as it does not automatically trigger regulatory rulemaking, the bankers’ proposal for a "two-year study on the impact of stablecoins on deposits" is acceptable.

Cody Carbone, CEO of the Digital Chamber, said, "We want policymakers to understand that we see this as a compromise." Through this document, the industry organization explicitly states that it is willing to give up any static holding rewards similar to bank savings account interest. Carbone pointed out that since last year's GENIUS Act is already law, the crypto industry’s willingness to forgo holding rewards is a significant concession, but rewards for activities like trading should be preserved. Banks should return to the negotiating table.

"If they refuse to negotiate, then the status quo remains—rewards continue as usual," Carbone said. "If they do nothing and demand a complete ban, this isn’t over." He hopes that after the recent unsuccessful White House meeting, this new document can restart negotiations.

The Digital Chamber’s principles particularly emphasize protecting two reward scenarios: those related to providing liquidity and those that promote ecosystem participation. They believe that these two provisions in Section 404 of the draft are crucial for DeFi.

It is reported that the White House has requested a compromise by the end of this month. Although the banking side has appeared to make no concessions in multiple meetings, Trump crypto advisor Patrick Witt indicated that a new round of meetings might be scheduled next week.