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Policy
Banking Industry Disputes White House Claim on Stablecoin Yields and Deposit Safety
The US crypto industry's push for regulatory clarity, as outlined in the Digital Asset Market Clarity Act, has been hindered by disagreements over stablecoin yields and their potential impact on bank deposits. In response to a White House report downplaying the risks, the American Bankers Association argues that economists are focusing on the wrong scenario, and instead, should be considering the…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disagrees with White House on Stablecoin Yield Impact
The US crypto industry's main legislative effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yield. Bankers argue that the White House economists' report, which downplayed the risks of stablecoin yield, was based on a flawed premise. The American Bankers Association claims that the report should have examined the potential consequences of allowing s…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Claim on Stablecoin Yields and Deposit Risks
The U.S. crypto industry's key legislative effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers argue that these yields pose a significant risk to bank deposits, contradicting a recent White House economists' report. The American Bankers Association asserts that the White House analysis is flawed, as it focuses on the wrong scenario. I…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Dismisses White House Assertion on Stablecoin Yields and Deposit Safety
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April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disputes White House Claims on Stablecoin Yields and Deposit Risks
The US crypto industry's key legislative effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers have reignited the debate, claiming that the industry's reward programs pose a threat to bank deposits. In response to a White House report downplaying the risks, the American Bankers Association argues that economists analyzed the wrong scena…
April 13, 2026, 3:35 p.m.
Policy
Financial Experts Dispute White House Assertion on Stablecoin Yields and Deposit Safety
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April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Stance on Stablecoin Yields and Deposit Safety
The US crypto industry's key legislative effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers have countered a White House report downplaying the risks, arguing that economists misinterpreted the issue. The American Bankers Association claims that allowing stablecoin yields could lead to a significant migration of funds out of traditio…
April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disputes White House Stance on Stablecoin Yields and Deposit Security
The U.S. crypto industry's push for regulatory clarity, embodied in the Digital Asset Market Clarity Act, has been stalled due to disagreements over stablecoin yields. Bankers argue that allowing these yields could endanger bank deposits, contrary to a recent White House report. The American Bankers Association claims the White House economists analyzed the wrong scenario, focusing on banning sta…
April 13, 2026, 3:35 p.m.
Policy
Bankers Disagree with White House Stance on Stablecoin Yields and Deposit Safety
The US crypto industry's efforts to pass the Digital Asset Market Clarity Act have been hindered by disagreements over stablecoin yields, which bankers claim pose a risk to bank deposits. In response to a White House report downplaying this risk, the American Bankers Association argued that the economists were analyzing the wrong scenario. Instead of considering the effects of banning stablecoin …
April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disagrees with White House on Stablecoin Yield Impact
The US crypto industry's main policy effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yield. Bankers argue that the White House economists' report underestimated the risks, focusing on the wrong scenario. The American Bankers Association claims that allowing stablecoin yield could lead to a significant migration of funds out of bank deposits, thre…
April 13, 2026, 3:35 p.m.