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Policy
Banking Industry Disputes White House Stance on Stablecoin Yields
The US crypto industry's push for regulatory clarity, embodied in the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers have countered a White House report downplaying the risks, asserting that the rewards programs pose a significant threat to bank deposits. The American Bankers Association claims the White House economists analyzed the wrong s…
April 13, 2026, 3:35 p.m.
Policy
US Bankers Disagree 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 underestimated the risks, while the American Bankers Association claims that the report analyzed the wrong scenario. The ABA contends that allowing stablecoin yield could lead to a significant migr…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disagrees with White House Stance on Stablecoin Yields
The US crypto industry's efforts to pass the Digital Asset Market Clarity Act have been hindered by a contentious issue surrounding stablecoin yields. Bankers have recently countered a White House economists' report, which downplayed the risks associated with stablecoin yields, by arguing that the report's analysis was based on the wrong premise. The American Bankers Association claims that the r…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disagrees with White House on Stablecoin Yield Impact
The US crypto industry's key legislative effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yield. Bankers recently countered a White House economists' report, arguing that it misjudged the risks. The American Bankers Association claims the White House analyzed the wrong scenario, focusing on a ban on stablecoin yield rather than its potential conse…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Stance on Stablecoin Yields
The US crypto industry's primary policy effort, the Digital Asset Market Clarity Act, has been stalled due to disagreements over stablecoin yields. Bankers have argued that reward programs associated with stablecoins could jeopardize bank deposits, contradicting a recent White House report that downplayed this risk. The American Bankers Association asserts that the White House economists' analysi…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Stance on Stablecoin Yields and Deposit Security
The US cryptocurrency policy, specifically the Digital Asset Market Clarity Act, has been stalled due to disagreements over stablecoin yields, which bankers claim poses a risk to bank deposits. In response to a White House report downplaying the threat, the American Bankers Association argues that the economists mistakenly analyzed the wrong scenario. Instead of examining the consequences of bann…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Stance on Stablecoin Yields
The US crypto industry's efforts to pass the Digital Asset Market Clarity Act have been hindered by a contentious issue surrounding stablecoin yields, which bankers argue could jeopardize bank deposits. In response to a White House report downplaying the risks, the American Bankers Association asserts that the Council of Economic Advisers is analyzing the situation from the wrong perspective. Ins…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disagrees with White House on Stablecoin Yield
The US crypto industry's primary legislative effort, the Digital Asset Market Clarity Act, remains stalled due to a contentious issue surrounding stablecoin yield. Bankers have reignited the debate, asserting that the industry's reward programs jeopardize bank deposits. In response to a White House report downplaying the risks, the American Bankers Association argues that the economists misinterp…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Assertion on Stablecoin Yields and Deposit Safety
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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 been hindered by a dispute over stablecoin yield, which bankers argue poses a risk to bank deposits. In response to a White House report downplaying the risks, the American Bankers Association has released a study arguing that the White House economists are analyzing the situation from the wrong perspective. The AB…
April 13, 2026, 3:35 p.m.