White House leans toward allowing some stablecoin rewards

The U.S. White House is leaning toward partially allowing stablecoin rewards under the proposed crypto market structure bill (CLARITY Act), rather than implementing a complete ban, CoinDesk reported. At a meeting hosted by the White House on Feb. 19 between banking and crypto industry representatives, the administration clarified its position to maintain some reward programs for stablecoins. The provision is expected to be included in the draft bill if the banking sector agrees.