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In a setback to the CLARITY ACT, White House-mediated negotiations between major US banks and crypto firms have stalled yet again. This time, over controversial yield rules for stablecoins.
US crypto regulation remains stuck in the mud, but institutional adoption isn’t waiting for permission. While high-stakes talks at the White House regarding stablecoin laws ended in a stalemate this week, BlackRock is pushing deeper into the industry by bringing its tokenized BUIDL fund directly to Uniswap.
Bitcoin dipped below $67,000 as the news broke, reflecting market anxiety over the lack of legislative progress in Washington.
But, is it safe to say that Wall Street giants are ready to build on decentralized rails, regardless of how slow the political process moves.
For investors, this creates a confusing split screen. Legislative delays in the Senate are keeping clear rules out of reach, yet the technology is being adopted by the biggest financial players on the planet.
On 11 February 2026, BlackRock partnered with the decentralized exchange Uniswap to enable direct trading of its $2.4 billion BUIDL fund. By using Uniswap, BlackRock is allowing its authorized investors to trade tokenized US Treasury bills instantly, 24/7. This is a massive stamp of approval for DeFi technology. Can we say, traditional finance sees the blockchain as a more efficient way to move trillions of dollars?
Today, we are announcing a strategic integration in collaboration with @Securitize, to make @BlackRock USD Institutional Digital Liquidity Fund (BUIDL) available to trade via UniswapX through Securitize pic.twitter.com/eXfnLTUkVU
— Uniswap Labs
(@Uniswap) February 11, 2026
This follows a trend of traditional giants entering the space. We have already seen Fidelity exploring stablecoin structures, proving that institutional appetite is growing despite the lack of a final rulebook from the government.
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What Is the “Stablecoin Yield” Dispute?
Let’s start with what is the CLARITY Act. The bill aims at providing regulatory clarity for digital assets, and has a 1 March 2026 deadline looming.
In fact, in an exclusive chat with 99Bitcoins.com, David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the bill will pass in 2026! “I think that we’ve already gotten stablecoin oversight. Market structure clarity is going to emerge too,” Duong insisted.
To understand why politicians are stalling, you have to follow the money. Stablecoins are just cryptocurrencies pegged to the dollar. One can think of them as digital cash. The controversy at the White House revolves around “yield,” which is just fancy finance speak for the interest you earn on your money.
Right now, some stablecoin issuers want to pass interest earnings on to you—potentially offering 3-4% returns just for holding the token. Banks, which often offer near-zero interest on checking accounts, view this as a major threat. If you could hold a digital dollar that pays superior interest, why would you keep your money in a traditional bank?
This week’s closed-door meeting between banking executives and crypto leaders was supposed to resolve this, but ended without a deal. CryptoSlate pointed out that the sticking point is whether these rewards make stablecoins look like investment contracts (securities), which would trigger strict oversight.
Until they agree on whether these payouts are “rebates” or “dividends,” the regulatory clarity needed for broad adoption remains stalled in Congress.
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BlackRock Move: A Long-Term Bullish Signal?
The impasse in Washington has real conquences for your wallet. If the US decides to crack down on stablecoin yields to protect banks, American users might be blocked from the passive income opportunities available to the rest of the world. Legal experts note that without a compromise, legislation like the CLARITY Act cannot move forward.
However, BlackRock’s move is a long-term bullish signal. It indicates that the “plumbing” of crypto, smart contracts and decentralized exchanges, is robust enough for the world’s most serious investors. Even if regulations are slow, the market demand is undeniable. This is evidenced by continued growth in stablecoin usage globally.
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Stay tuned to 99Bitcoins for updates on the CLARITY Act. Follow us on X and YouTube for the latest breakdowns.
Key Takeaways
exclusive chat with 99Bitcoins.com, David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the CLARITY bill will pass in 2026!
raditional banks continue to see yield-bearing stablecoins as an existential threat to their deposit base.
The post White House Stablecoin Talks Stall, But BlackRock Deepens On-Chain Push With Uniswap appeared first on 99Bitcoins.
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