White House Council of Economic Advisers (CEA) stories

Apr 14, 2026

White House and Crypto Industry Clash with Banking Lobby Over Stablecoin Yield

The Trump administration backed a proposal for stablecoin issuers to offer yield to investors, drawing pushback from the American Bankers Association which disputes White House claims that stablecoin yield doesn't threaten bank deposits.

Apr 14, 2026·3 sources

Apr 8, 2026

White House Economists Say Stablecoin Yield Ban Would Provide Minimal Bank Benefit

White House Council of Economic Advisers released analysis finding that banning stablecoin yield products would boost community bank lending by only 0.02% while imposing significant costs on consumers, countering banking industry lobbying efforts in the CLARITY Act debate.

Apr 8, 2026·9 sources

Top claims

▪The American Bankers Association argues the White House Council of Economic Advisers should have analyzed what would happen if stablecoin returns were allowed rather than if Congress instituted a ban on stablecoin yield.
▪The Digital Asset Market Clarity Act is the crypto industry's chief effort in U.S. policy.
▪The American Bankers Association argues that without intervention on stablecoin yield, stablecoin markets could scale from $300 million to as much as $2 trillion.

Topics

Stablecoins Payments Crypto lobbying Crypto regulatory frameworks Stablecoin regulation

CLARITY Act

Crypto & banking regulation

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