Sources: Negotiations on stablecoin yield are still ongoing between both parties regarding the text content, and are not restricted by the March 1 deadline.

Jinse Finance reported that, according to crypto journalist Eleanor Terrett, many figures in the crypto industry have come forward to defend Patrick Witt and the White House after an anonymous source, allegedly directly involved in stablecoin yield negotiations, made comments. I shared this post and the reactions on crypto Twitter with a banking industry insider familiar with the negotiations. The source stated that representatives from the banking sector (American Bankers Association, Independent Community Bankers of America, and Bank Policy Institute) who attended last week's White House meeting were confused by this description, did not agree with the anonymous individual's views, and had already conveyed this position to the White House. In addition, they also did not understand why this person would use such "nihilistic" language to describe the situation, pointing out that both sides are still exchanging opinions on the terms and that the March 1 deadline may not be strictly binding.