David Sacks, the White House AI and Crypto Czar, called on both the crypto industry and banking sector to compromise on the stablecoin yield issue to advance a market structure bill to President Trump’s desk.
The dispute centers on whether stablecoins should be permitted to pay yield, with banks opposing the provision and crypto firms pushing to compete. Sacks said banks should acknowledge that stablecoin yield remains a live issue under existing law as negotiations over market structure continue.
Sacks also pressed crypto advocates to consider the broader stakes.
He predicted that once market structure legislation passes, banks would fully enter the crypto sector.
On the question of regulatory parity, Sacks acknowledged banks’ concerns about uneven treatment.
Sacks compared the current impasse to the GENIUS Act’s rocky path, noting it “died about three times before it finally passed.” He suggested a similar process may be necessary. “A good compromise is everyone leaves a little bit unhappy,” he said.
Source: https://cryptobriefing.com/david-sacks-urges-stablecoin-yield-compromise-bill/
