PANews reported on March 5th that, according to Reuters, negotiations for the CLARITY Act, aimed at establishing a comprehensive regulatory framework for digital assets in the United States, have reached a new impasse. Banks have stated that they cannot support the compromise proposed by the White House, raising doubts about whether the bill will pass this year. The core of the impasse lies in the stablecoin yield provisions: banks oppose allowing stablecoin issuers and crypto companies to offer yield-bearing products, arguing that this would siphon off bank deposits and affect their lending capacity; crypto companies, on the other hand, argue that they must be able to offer yields to attract customers, and prohibiting such practices would be uncompetitive.

The White House intervened last month, proposing a compromise that allows stablecoin yields in specific scenarios such as peer-to-peer payments, but prohibits paying yields on idle holdings. Crypto companies have accepted the proposal, but banks have stated they cannot support it, arguing it could still trigger deposit outflows. Some senators support the banks' position. President Trump criticized the banking industry on Truth Social on Tuesday evening, accusing it of trying to undermine the crypto agenda. The bill still needs to resolve senators' disagreements on ethical and illicit financial provisions, and with limited time available, its chances of passage will further decrease if Democrats gain more seats in Congress in November.