🚨NEW: The White House will host representatives from the banking and crypto industries this afternoon at 2:30pm ET for the second iteration of stablecoin yield negotiations. Banks set to attend include @GoldmanSachs, @jpmorgan, @BankofAmerica, @WellsFargo, @Citi, @PNCBank and @usbank, along with trade groups @bankpolicy, @ABABankers and @ICBA. Some of the crypto attendees include @iampaulgrewal of @coinbase, @milesjennings of @a16z, and @SummerMersinger of @BlockchainAssn. According to two sources familiar with the matter, attendees received an email from the White House yesterday emphasizing the need to come prepared for today’s discussion with serious proposals and a willingness to compromise.

Another attendee from the crypto side: @Ripple CLO @s_alderoty.