No Deal Yet on the Clarity Act - Negotiations Quietly Continue

Markets 2026-02-11 09:30

No Deal Yet on the Clarity Act - Negotiations Quietly Continue

Talks around the U.S. Clarity Act ended without a final agreement following a White House meeting, as negotiators failed to resolve differences over stablecoin yield.

Key takeaways:

  • No final agreement was reached on stablecoin yield

  • Banks and crypto firms remain actively engaged

  • Technical disagreements have narrowed

  • Negotiations are continuing privately

While no headline deal emerged, participants described the outcome less as a breakdown and more as a pressure-building phase that keeps discussions moving forward behind closed doors.


Why the talks didn’t collapse

Despite the lack of a deal, sources emphasized that the meeting was not a failure. Both traditional financial institutions and crypto-native firms stayed at the table, and key technical parameters were refined. That ongoing engagement suggests negotiations are progressing, even if consensus has not yet been formalized.

The unresolved sticking point: stablecoin yield

Stablecoin yield remains the central choke point. Policymakers continue to debate whether and how yield-bearing stablecoins should be permitted under the Clarity Act framework. This issue has proven difficult to reconcile, as it sits at the intersection of consumer protection, banking competition, and monetary policy concerns.

Why markets are still watching closely

The White House typically does not convene repeat sessions unless meaningful progress is being made. The decision to keep talks alive signals that a framework is still being shaped, even if timelines remain uncertain. For markets, this means regulatory clarity is delayed-but not derailed.

For now, there is no breakout headline. But the process is clearly still moving.

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This content is for informational purposes only and does not constitute investment advice.

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