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Policy
Banking Industry Disputes White House Stance on Stablecoin Yields and Deposit Security
The US crypto industry's primary legislative effort, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers argue that these yields could endanger bank deposits, contrary to a recent White House report. The American Bankers Association asserts that the White House economists' analysis was misguided, as it focused on the wrong scenario. Instead o…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Claims on Stablecoin Yields and Deposit Risks
The US 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 have expressed concerns that these yields could lure depositors away from traditional banks, despite a recent White House report downplaying such risks. The American Bankers Association asserts that the White House economists…
April 13, 2026, 3:35 p.m.
Policy
Banking Sector 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 disagreements over stablecoin yield, which bankers claim poses a risk to their deposits. In response to a White House report downplaying this risk, the American Bankers Association argues that the economists misunderstood the issue. The ABA believes that allowing stablecoin yield could lead to a si…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Counters White House Claims on Stablecoin Yields
The US crypto industry's pursuit of regulatory clarity has been hindered by disagreements over stablecoin yields, with bankers warning that these yields could lure depositors away from traditional banks. In response to a White House report downplaying the risks, the American Bankers Association has countered that the economists' analysis is flawed, focusing on the wrong scenario. The ABA argues t…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Stance on Stablecoin Yields and Deposit Risks
The US crypto industry's flagship legislative effort, 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 threat to bank deposits, contradicting a recent White House economic report. The American Bankers Association argues that the White House economists m…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Claims on Stablecoin Yields and Deposit Safety
The US crypto industry's main legislative push, the Digital Asset Market Clarity Act, remains stalled due to disagreements over stablecoin yields. Bankers have countered a White House economists' report, arguing that it misjudges the risks to deposits. The American Bankers Association asserts that the White House analysis started with the wrong premise, focusing on the consequences of banning sta…
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 advance the Digital Asset Market Clarity Act have been hindered by a contentious issue surrounding stablecoin yield. Bankers have countered a recent White House report, arguing that the economists' analysis was flawed. The American Bankers Association asserts that the Council of Economic Advisers examined the wrong scenario, focusing on the effects of banning s…
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 disagreements over stablecoin yield. Bankers argue that the White House economists' report underestimated the risks, while the American Bankers Association claims that allowing stablecoin yield could lead to a massive migration of funds out of bank deposits. The conflict has delayed the Senate legisl…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Pushes Back Against White House Claims on Stablecoin Yields
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 stablecoin reward programs endanger bank deposits. In response to a White House report downplaying the risks, the American Bankers Association argues that economists analyzed the wrong scenario, focusin…
April 13, 2026, 3:35 p.m.
Policy
Banking Industry Disputes White House Claim on Stablecoin Yields and Deposit Safety
The US crypto industry's efforts to pass the Digital Asset Market Clarity Act have stalled due to disagreements over stablecoin yields. Bankers argue that these yields could lure depositors away from traditional banks, contradicting a recent White House report that downplayed the risk. The American Bankers Association claims that the White House economists misunderstood the issue, and that allowi…
April 13, 2026, 3:35 p.m.