White House Narrows Stablecoin Talks; Draft Curbs Yields, Sets $500,000 Daily Fines

White House officials met with crypto leaders on Feb. 20, 2026, to review stablecoin draft text, MSB Intel reports. The draft bans yield on idle balances, assigns enforcement to the SEC, Treasury and CFTC, and sets penalties up to $500,000 per day, according to CoinoMedia.