Council of Economic Advisors (CEA) dismisses fears that stablecoin yields will impact lending

The Trump White House, via its Council of Economic Advisors (CEA), has dismissed the fears that community bankers and traditional stakeholders have raised concerning the yield clause in the CLARITY Act. The report described the effect of yield-bearing stablecoins as “quantitatively small” rather than the existential threat that the banking lobby claims.  The Council of […]