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Policy
Banking Industry Disputes White House Stance on Stablecoin Yields
The US crypto industry's efforts to advance the Digital Asset Market Clarity Act have been hindered by a contentious issue surrounding stablecoin yields, which bankers argue could jeopardize bank deposits. In a rebuttal to a White House report downplaying the risks, the American Bankers Association asserts that the economists' analysis was misguided. The ABA economists argue that the focus should…
April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disputes White House Stance on Stablecoin Yields and Deposit Risks
The US crypto industry's key legislative push, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers have intensified their warnings that reward programs associated with stablecoins pose a significant threat to traditional bank deposits. In response to a White House report downplaying these risks, the American Bankers Association asserts that t…
April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disputes White House Claim on Stablecoin Yields and Deposit Risks
The US crypto industry's main policy effort, the Digital Asset Market Clarity Act, has stalled over concerns about stablecoin yields, which bankers claim could lure depositors away from traditional banks. In a rebuttal to a White House report downplaying these risks, the American Bankers Association argues that economists analyzed the wrong scenario, focusing on the consequences of banning stable…
April 13, 2026, 3:35 p.m.
Policy
Bankers Dispute White House Claim on Stablecoin Yields and Deposit Risks
The US crypto industry's main policy effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields, which bankers claim pose a threat to bank deposits. In response to a White House report downplaying the risks, the American Bankers Association argues that the economists focused on the wrong scenario, analyzing the effects of a ban on stablecoin yields i…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Stance on Stablecoin Yields and Deposit Risks
The U.S. crypto industry's key legislative push, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers have reignited the debate, arguing that the rewards programs associated with stablecoins pose a threat to traditional bank deposits. In response to a White House report downplaying these concerns, the American Bankers Association claims that t…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Assertion on Stablecoin Yields and Deposit Risk
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April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disagrees with White House on Stablecoin Yield Impact
The US crypto industry's efforts to pass the Digital Asset Market Clarity Act have stalled due to concerns over stablecoin yield. Bankers argue that allowing stablecoins to offer yield could lure depositors away from traditional banks, while the White House claims this risk is overstated. The American Bankers Association has released a study contending that the White House economists analyzed the…
April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disagrees with White House Stance on Stablecoin Yields and Deposit Security
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April 13, 2026, 3:35 p.m.
Policy
Banking Sector Disputes White House Claim on Stablecoin Yields and Deposit Safety
The U.S. crypto industry's efforts to advance the Digital Asset Market Clarity Act have been hindered by disagreements over stablecoin yields. Bankers have pushed back against a White House report that downplayed the risks of stablecoin yields to bank deposits, arguing that the economists' analysis was flawed. The American Bankers Association contends that allowing stablecoin yields could lead to…
April 13, 2026, 3:35 p.m.
Policy
Banking Experts Dispute White House Assertion on Stablecoin Yields and Deposit Safety
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April 13, 2026, 3:35 p.m.