Crypto Bill: Banks, Crypto Firms Face February Deadline on Stablecoin Yield Rules

The crypto bill could see some headway at the end of February. This comes as White House officials set a deadline at the end of the month for banks and crypto firms to sort out the concerns related to stablecoin yields that have stalled the progress of the legislation.

White House Sets February Deadline for Crypto Bill Progress

According to reports, the White House told the parties involved that they have until the end of February to reach an agreement on matters that have stalled the bill’s passage. This came at the negotiation meeting between the bank and crypto firm executives.

The government officials had been pressing for the progress of the market bill for weeks. They set up negotiations to organize between the institutions currently clashing over major issues. Experts from the digital assets world and banking circles on met for over two hours in the White House to hash out how to fix the toughest parts of the crypto market bill.

The talks are said to resume later on with a smaller group. The White House has instructed them to be prepared to agree on changes to the language of the bill. One of the participants said that the banking reps were from trade associations. This means they may need to get clearance from their members before they can make a move on the negotiation.

After the meeting, the Banking reps released a statement saying they are willing to discuss a legislation that benefits both parties.

“We must ensure that any legislation supports the local lending to families and small businesses that drives economic growth,” they said. “Banks of all sizes will continue to work with lawmakers, the White House and other stakeholders to help develop thoughtful, effective policy around digital assets.”

To note, there was no immediate consensus on this crypto bill within these firms. However, an exec at White House shared with me that this is the kind of progress required to be made to solve the problems before taking the next steps on this legislation.

U.S. Government Shutdown Set for Tuesday Vote

The partial shutdown of the U.S. government is now in its fourth day. This comes as the House prepares to discuss the funding bill later today. President Trump made a strong statement on Monday, urging House members to pass the bill as soon as possible. The end of this shutdown is vital for the progress of the crypto market bill.

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“I am working hard with Speaker Johnson to get the current funding deal, which passed in the Senate last week, through the House and to my desk, where I will sign it into Law, IMMEDIATELY! We need to get the Government open…” – President Donald J. Trump pic.twitter.com/EeOA61P5uD

— The White House (@WhiteHouse) February 2, 2026

He stated strongly that there should be no alterations to the agreement made with the Senate. However, it seemed that neither Republicans nor Democrats are ready to pass this federal funding plan easily. Instead, they are looking to discuss their own demands regarding immigration enforcement operations.