Sources indicate that a stablecoin yield agreement is unlikely to be reached before March, with disagreements hindering progress on market structure legislation.

Crypto journalist Sander Lutz, citing a banking source directly involved in the negotiations, stated that the White House hopes to reach an agreement on stablecoin yields by the end of this week, but such an agreement is unlikely to be finalized before March. The source indicated that Patrick Witt's previous statement that an agreement would be reached by March was unrealistic. The source pointed out that significant differences remain between the crypto industry and banking lobbying groups regarding stablecoin yields, and these differences have hampered the progress of the crypto market structure bill. "The text is circulating, but it's still far from becoming final legislation," the source said. The source also stated that if Coinbase CEO Brian Armstrong does not participate in the negotiations, the agreement risks failing. While banks hope to reach an agreement, the probability of the bill passing within the next month is expected to decrease significantly.