Stablecoin Yield Standoff: Brian Armstrong the Last Hope Before the Banks Snooze

The United States is stuck in regulatory slow‑mo over whether stablecoins can earn interest—no one’s winning the race. The White House figured it would be wrapped up by week’s end. Spoiler: it won’t. A banking insider says the earliest we’ll see a decision is March, pinning the delay on Patrick Witt’s accidental early truth‑bomb.

Crypto firms are asking for stablecoins to generate yields as bland and reliable as Treasury bonds—simple, right? Banks retort that it’s just a deposit wearing a crypto disguise, and they’re about as thrilled as a node operator during a 51% attack. The fallout? Two draft bills, zero alignment. “We are not close to a bill,” a source says, with the same enthusiasm one feels watching a fork flop.

Enter the protagonist: Brian Armstrong. The Coinbase CEO is the only person who might act