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White House pushes February 2026 compromise on stablecoin yields in crypto market bill talks
The White House convened crypto industry groups, exchanges, and Wall Street banks at the Eisenhower Executive Office Building on Monday to negotiate the U.S. crypto market structure bill, focusing on whether exchanges can offer yield on stablecoins. Participants were instructed to reach a compromise on stablecoin rewards by the end of this month, with trade groups describing the meeting as a constructive step toward bipartisan legislation. Senior administration officials said recent talks have resolved several difficult policy disputes and expressed confidence that the remaining issues on stablecoin yields can also be settled.
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Australian court orders BPS Financial to pay AU$14 million over Qoin wallet claims
On Tuesday, the Australian Securities and Investments Commission said the Federal Court ordered Gold Coast-based BPS Financial to pay AU$14 million ($9.6 million) in penalties for unlicensed conduct and misleading statements tied to its Qoin Wallet. The court had found in 2024 that BPS engaged in unlicensed conduct for almost three years while issuing the Qoin token and promoting a linked non-cash payment product.
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