Amid a setback for the CLARITY ACT, White House-brokered negotiations between major US banks and crypto companies have once again stalled. This time it’s about controversial yield rules for stablecoins.
US crypto regulation remains stuck in the mud, but institutional adoption isn’t waiting for clearance. As high-stakes discussions at the White House regarding stablecoin laws reached an impasse this week, BlackRock is moving deeper into the industry by bringing its BUIDL tokenized fund directly to Uniswap.
Bitcoin fell below $67,000 on the news, reflecting market anxiety over the lack of legislative progress in Washington.
But can we say that the giants of Wall Street are ready to build on decentralized rails, regardless of the slowness of the political process.
For investors, this creates a confusing split screen. Legislative delays in the Senate prevent clear rules from being put in place, and yet the technology is being adopted by the largest financial players on the planet.
On February 11, 2026, BlackRock partnered with decentralized exchange Uniswap to enable direct trading of its $2.4 billion BUIDL fund. Using Uniswap, BlackRock allows its authorized investors to trade tokenized U.S. Treasuries instantly, 24/7. This is a huge seal of approval for DeFi technology. Can we say that traditional finance sees blockchain as a more efficient way to move billions of dollars?
Today we are announcing a strategic integration in collaboration with @Securitizeto do @BlackRock USD Institutional Digital Liquidity Fund (BUIDL) available for trading via UniswapX via Securitize pic.twitter.com/eXfnLTUkVU
— Uniswap Labs
(@Uniswap) February 11, 2026
(@Uniswap) This follows a trend of traditional giants entering the space. We’ve already seen Fidelity explore stablecoin structures, proving that institutional appetite is growing despite the lack of definitive rules from the government.
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What is the “coin stable yield” dispute?
Let’s start with what the CLARITY Act is. The bill aims to clarify regulations on digital assets and provides a deadline of March 1, 2026.
In fact, during an exclusive conversation with 99Bitcoins.comDavid Duong, Head of Global Research at Coinbase Institutional, expressed optimism that the bill will pass in 2026! “I think we have already achieved stable monitoring of coins. Clarity of market structure will also emerge,” insisted Duong.
To understand why politicians procrastinate, you have to follow the money. Stablecoins are just cryptocurrencies pegged to the dollar. We can think of them as digital money. The controversy in the White House revolves around “yield,” which is just a fancy financial term for the interest you earn on your money.
Right now, some stablecoin issuers want to pass the interest income 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 earns higher interest, why would you keep your money in a traditional bank?
This week’s closed-door meeting between banking executives and crypto executives was supposed to resolve this issue, but ended without a deal. CryptoSlate pointed out that the tricky point is whether these rewards make stablecoins look like investment contracts (securities), which would trigger strict oversight.
Until they agree on whether these payments are “rebates” or “dividends,” the regulatory clarity needed for widespread adoption remains blocked in Congress.
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BlackRock Move: a long-term bullish signal?
The gridlock in Washington has real consequences for your wallet. If the United States decides to crack down on stable coin yields to protect banks, American users could be blocked from accessing passive income opportunities available in the rest of the world. Legal experts note that without compromise, legislation like the CLARITY Act cannot move forward.
However, BlackRock’s move is a long-term bullish signal. This indicates that the “plumbing” of crypto, smart contracts, and decentralized exchanges is strong enough for the world’s most serious investors. Even if regulation is delayed, the market demand is undeniable. This is evidenced by the continued growth in the use of stablecoins 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
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In a exclusive chat With 99Bitcoins.com, David Duong, Head of Global Research at Coinbase Institutional, expressed optimism that the CLARITY bill will pass in 2026!
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Meanwhile, tTraditional banks continue to view yielding stablecoins as an existential threat to their deposit base.
The post White House Stablecoin Talks Stall, But BlackRock Deepens Its On-Chain Push With Uniswap appeared first on 99Bitcoins.
