The White House is exploring ways to undermine the legal basis of stablecoin yield restrictions, as the CLARITY Act enters a critical stage of debate in the Senate.
According to ChainCatcher, market sources report that the White House Council of Economic Advisers recently released a research report stating that banning stablecoin yields offers very limited protection for bank loans, but would significantly diminish consumers’ ability to earn returns through digital cash. This conclusion directly challenges the core argument of the banking industry's support for a yield ban and provides new policy support for advancing the CLARITY Act.
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