<p>白宮已敦促銀行和加密行業在二月底之前就穩定幣收益達成協議，以推動加密市場結構法案的進展。</p>
<p>在白宮與行業代表促成的會議後，數字資產總統顧問委員會的執行董事帕特里克·威特對法案的結果表示樂觀。</p>
<p>他説，</p>
<blockquote>
<p>“在過去幾個月中，我們在幾個看似難以解決的政策問題上取得了突破。我相信我們也能解決這個（穩定幣收益）問題。”</p>
</blockquote>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-081046.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="831" height="449" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-081046.png"/></p>
<p>來源：X/Patrick Witt</p>
<p>法案的進展在上個月中旬停滯不前，此前 Coinbase 撤回了支持，理由是對穩定幣收益的禁令，這已成為關鍵的障礙。</p>
<p>有趣的是，Coinbase 的立場與加密風險投資公司 a16z 和 Ripple 截然不同，後者是行業最大超級政治行動委員會 Fairshake 的另外兩個主要捐助者。</p>
<p>在一月下旬，白宮指示 Coinbase 重返談判桌。但這並非一帆風順。</p>
<p>據《華爾街日報》（WSJ）報道，包括摩根大通的傑米·戴蒙在內的頂級銀行官員在達沃斯的世界經濟論壇會議上與 Coinbase 首席執行官布萊恩·阿姆斯特朗就穩定幣獎勵發生了衝突。</p>
<h2>銀行不願退讓</h2>
<p>毫不奇怪，銀行家們在最近的白宮談判後仍然對穩定幣收益持強烈反對態度。</p>
<p>美國銀行家協會（ABA）在一份聲明中呼籲圍繞加密貨幣制定 “深思熟慮、有效的政策”，並補充説，</p>
<blockquote>
<p>“正如我們在會議中所分享的，我們必須確保任何立法支持地方對家庭和小企業的貸款，這推動經濟增長並保護我們金融系統的安全和穩健。”</p>
</blockquote>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-084650.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="733" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-084650.png"/></p>
<p>來源：ABA</p>
<p>對此，Galaxy 的研究負責人亞歷克斯·索恩對銀行業在法案上的妥協意願表示懷疑。</p>
<blockquote>
<p>“這聽起來不錯，但實際上並不意味着他們願意在這裏妥協。”</p>
</blockquote>
<p>但區塊鏈協會的首席執行官薩默·梅辛格（Summer Mersinger）表示，代表包括 Coinbase 在內的 100 多家加密公司的機構，稱白宮會議是推動法案的 “重要一步”。</p>
<p>她指出，</p>
<blockquote>
<p>“今天的白宮會議是推動兩黨數字資產市場結構立法向總統辦公桌邁出的重要一步。”</p>
</blockquote>
<p>另一個加密貿易聯盟數字商會（TDC）也表達了類似的樂觀態度。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/crypto-bill-TDC.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/crypto-bill-TDC.jpg"/></p>
<p>來源：X/TDC</p>
<h2>法案通過的機會躍升至 60% 以上</h2>
<p>但儘管雙方情緒複雜，Polymarket 對法案今年通過的概率在白宮談判後從 65% 降至 60%。</p>
<p>值得注意的是，在會議前的兩天內，法案推進的機會從 50% 上升至 65%。</p>
<p>即便如此，是否能在本月底之前達成妥協仍不明朗。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-085849.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1302" height="671" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-085849.png"/></p>
<p>來源：Polymarket</p>
<hr/>
<h2><strong>最終思考</strong></h2>
<ul>
<li><em>加密貿易聯盟在白宮會議後對市場結構法案的進展表現出 ‘樂觀’ 態度。</em></li>
<li><em>但 Galaxy 的索恩擔心穩定幣收益的妥協可能仍然難以實現，從而阻礙法案的推進。</em></li>
</ul>

<p>白宮正在敦促銀行和加密行業在二月份之前敲定穩定幣收益協議，以支持加密市場結構法案。儘管包括帕特里克·維特在內的一些官員持樂觀態度，但緊張局勢依然存在，特別是由於 Coinbase 撤回了支持。美國銀行家協會反對穩定幣收益，強調需要有效的政策。雖然加密貿易工會將白宮會議視為進展，但關於達成妥協的擔憂依然存在。Polymarket 對該法案通過的概率在討論後從 65% 下降至 60%，突顯了立法過程中的不確定性</p>

<p>The White House has pressed the banking and crypto industries to reach a deal on stablecoin yields by the end of February to advance the crypto market structure bill.</p>
<div class="lb-trans"><p>白宮已敦促銀行和加密行業在二月底之前就穩定幣收益達成協議，以推動加密市場結構法案的進展。</p>
</div><p>Following the meeting brokered by the White House and industry representatives, Patrick Witt, the Executive Director of the President’s Council of Advisors on Digital Assets, appeared optimistic about the bill’s outcome.</p>
<div class="lb-trans"><p>在白宮與行業代表促成的會議後，數字資產總統顧問委員會的執行董事帕特里克·威特對法案的結果表示樂觀。</p>
</div><p>He said,</p>
<div class="lb-trans"><p>他説，</p>
</div><blockquote>
<p>“Over the course of the past few months, we have achieved breakthroughs on several seemingly intractable policy issues. I am confident we will be able to resolve this one (stablecoin yield), too.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“在過去幾個月中，我們在幾個看似難以解決的政策問題上取得了突破。我相信我們也能解決這個（穩定幣收益）問題。”</p>
</blockquote>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-081046.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-081046.png"/></p>
<p>Source: X/Patrick Witt</p>
<div class="lb-trans"><p>來源：X/Patrick Witt</p>
</div><p>The bill’s momentum ground to a halt mid-last month after Coinbase pulled its support, citing a ban on stablecoin yield, which has become a key deal-breaker.</p>
<div class="lb-trans"><p>法案的進展在上個月中旬停滯不前，此前 Coinbase 撤回了支持，理由是對穩定幣收益的禁令，這已成為關鍵的障礙。</p>
</div><p>Interestingly, Coinbase’s stance was quite different from crypto VC a16z and Ripple, which are the other two key donors behind the industry’s largest super PAC, Fairshake.</p>
<div class="lb-trans"><p>有趣的是，Coinbase 的立場與加密風險投資公司 a16z 和 Ripple 截然不同，後者是行業最大超級政治行動委員會 Fairshake 的另外兩個主要捐助者。</p>
</div><p>In late January, the White House instructed Coinbase to return to the negotiating table. But it has not been smooth sailing.</p>
<div class="lb-trans"><p>在一月下旬，白宮指示 Coinbase 重返談判桌。但這並非一帆風順。</p>
</div><p>According to the Wall Street Journal (WSJ), top banking officials, including JPMorgan’s Jamie Dimon, clashed with Coinbase CEO Brian Armstrong over the stablecoin rewards at the World Economic Forum meeting in Davos.</p>
<div class="lb-trans"><p>據《華爾街日報》（WSJ）報道，包括摩根大通的傑米·戴蒙在內的頂級銀行官員在達沃斯的世界經濟論壇會議上與 Coinbase 首席執行官布萊恩·阿姆斯特朗就穩定幣獎勵發生了衝突。</p>
</div><h2>Banks aren’t backing down</h2>
<div class="lb-trans"><h2>銀行不願退讓</h2>
</div><p>Unsurprisingly, bankers have maintained their strong opposition to stablecoin yields, even after the recent White House talks.</p>
<div class="lb-trans"><p>毫不奇怪，銀行家們在最近的白宮談判後仍然對穩定幣收益持強烈反對態度。</p>
</div><p>In a statement, the American Bankers Association (ABA) called for a ‘thoughtful, effective policy’ around crypto, adding that,</p>
<div class="lb-trans"><p>美國銀行家協會（ABA）在一份聲明中呼籲圍繞加密貨幣制定 “深思熟慮、有效的政策”，並補充説，</p>
</div><blockquote>
<p>“As we shared in the meeting, we must ensure that any legislation supports the local lending to families and small businesses that drives economic growth and protects the safety and soundness of our financial system.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“正如我們在會議中所分享的，我們必須確保任何立法支持地方對家庭和小企業的貸款，這推動經濟增長並保護我們金融系統的安全和穩健。”</p>
</blockquote>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-084650.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-084650.png"/></p>
<p>Source: ABA</p>
<div class="lb-trans"><p>來源：ABA</p>
</div><p>Reacting to the bankers’ statement, Galaxy’s head of research, Alex Thorn, doubted the sector’s willingness to compromise on the bill.</p>
<div class="lb-trans"><p>對此，Galaxy 的研究負責人亞歷克斯·索恩對銀行業在法案上的妥協意願表示懷疑。</p>
</div><blockquote>
<p>“It reads nice, but it doesn’t really sound like they are willing to compromise here.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“這聽起來不錯，但實際上並不意味着他們願意在這裏妥協。”</p>
</blockquote>
</div><p>But Summer Mersinger, the CEO of the Blockchain Association, a body representing over 100 crypto firms, including Coinbase, hailed the White House meeting as a ‘step forward’ to advance the bill.</p>
<div class="lb-trans"><p>但區塊鏈協會的首席執行官薩默·梅辛格（Summer Mersinger）表示，代表包括 Coinbase 在內的 100 多家加密公司的機構，稱白宮會議是推動法案的 “重要一步”。</p>
</div><p>She noted,</p>
<div class="lb-trans"><p>她指出，</p>
</div><blockquote>
<p>“Today’s White House meeting was an important step forward in the effort to deliver bipartisan digital asset market structure legislation to the President’s desk.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“今天的白宮會議是推動兩黨數字資產市場結構立法向總統辦公桌邁出的重要一步。”</p>
</blockquote>
</div><p>A similar optimistic tone was echoed by another crypto trade union, The Digital Chamber (TDC).</p>
<div class="lb-trans"><p>另一個加密貿易聯盟數字商會（TDC）也表達了類似的樂觀態度。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/crypto-bill-TDC.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/crypto-bill-TDC.jpg"/></p>
<p>Source: X/TDC</p>
<div class="lb-trans"><p>來源：X/TDC</p>
</div><h2>Chance of bill’s passage jumped to +60%</h2>
<div class="lb-trans"><h2>法案通過的機會躍升至 60% 以上</h2>
</div><p>But despite the mixed sentiment from both sides, Polymarket’s odds of passing the bill this year slipped from 65% to 60% after the White House talks.</p>
<div class="lb-trans"><p>但儘管雙方情緒複雜，Polymarket 對法案今年通過的概率在白宮談判後從 65% 降至 60%。</p>
</div><p>It’s worth noting that the chance of advancing the bill had increased from 50% to 65% in the past two days ahead of the meeting.</p>
<div class="lb-trans"><p>值得注意的是，在會議前的兩天內，法案推進的機會從 50% 上升至 65%。</p>
</div><p>Even so, it remains unclear whether a compromise will be reached by the end of the month.</p>
<div class="lb-trans"><p>即便如此，是否能在本月底之前達成妥協仍不明朗。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-085849.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-085849.png"/></p>
<p>Source: Polymarket</p>
<div class="lb-trans"><p>來源：Polymarket</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2><strong>Final Thoughts</strong></h2>
<div class="lb-trans"><h2><strong>最終思考</strong></h2>
</div><ul>
<li><em>Crypto trade unions appeared ‘optimistic’ about the progress of the market structure bill following the White House meeting.</em></li>
<li><em>But Galaxy’s Thorn was concerned that a stablecoin yield compromise may remain elusive, preventing the bill from advancing.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>加密貿易聯盟在白宮會議後對市場結構法案的進展表現出 ‘樂觀’ 態度。</em></li>
<li><em>但 Galaxy 的索恩擔心穩定幣收益的妥協可能仍然難以實現，從而阻礙法案的推進。</em></li>
</ul>
</div>

White House pushes banks and crypto industry for a stablecoin yield deal by February

- 白宮敦促銀行與加密行業在二月底前達成穩定幣收益協議。  
- 數字資產顧問委員對法案進展表示樂觀，法案通過概率降至 60%。  
- 銀行對此仍持強烈反對態度，未來妥協仍不明朗。

白宮敦促銀行和加密貨幣行業在二月前達成穩定幣收益協議