White House Report Undercuts Banks’ Push for Stablecoin Yield Ban
4 Articles
4 Articles
White House Report Undercuts Banks’ Push for Stablecoin Yield Ban
A new Council of Economic Advisers report finds that banning stablecoin yield would increase bank lending by just 0.02% while costing consumers $800 million yearly. Released ahead of a key Senate vote, the analysis challenges banking industry claims of deposit flight and questions the policy's net value.
On September 15, the U.S. President's Council of Economic Advisers (CEA) released a revised assessment concluding that stricter regulations on stablecoin yields would have little effect on protecting bank lending. The banking industry... The post Stablecoin yield regulations would have minimal impact on bank lending – U.S. CEA estimate first appeared on NADA NEWS.
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Cryptocurrency News | Cryptocurrency Prices | Market CapWhite House: Stablecoin yield ban would boost bank lending by just 0.02%
Banning stablecoin yields offers negligible lending benefits, highlighting the disproportionate consumer costs and questioning regulatory priorities.
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