Banks push back on White House stablecoin-yield report, warn of deposit flight and local lending harm
A policy clash is taking shape in Washington over whether payment stablecoins should be allowed to offer yield, and the outcome could reshape deposit flows, community-bank funding and the next phase of U.S. digital-asset legislation. At the center of the dispute is not just whether yield should be banned, but how regulators should measure the […]
White House economists find stablecoin rewards pose minimal risk to bank lending
The White House Council of Economic Advisers has pushed back against one of the banking sector’s core arguments against yield-bearing stablecoins, concluding that a ban would do very little to lift credit creation while imposing a real cost on consumers. In a report published on April 8, 2026, the CEA said eliminating stablecoin yield would […]
White House clears review of DOL proposal that could allow crypto in 401(k) plans
The White House’s Office of Information and Regulatory Affairs has completed its review of a Labor Department rule, clearing an important procedural obstacle for the possible inclusion of cryptocurrencies and other alternative assets in employer-sponsored 401(k) plans. The step, completed around March 25–26, 2026, moves the process closer to a change that could eventually touch […]
Senators and White House reach agreement in principle on CLARITY Act over stablecoin yields
Lawmakers and the White House appear to have broken a key deadlock over the CLARITY Act, reaching what has been described as an agreement in principle on the language that had stalled the bill for months. The breakthrough centers on stablecoin yield programs, the issue that had effectively frozen Senate Banking Committee progress since January.
White House Tweet Flagged a Privacy Risk in the CLARITY Act That Could Entrench Surveillance
A White House tweet this week put a spotlight on a potential privacy weakness in the CLARITY Act, warning that the bill’s current drafting could steer crypto intermediaries toward surveillance-first operating models. The underlying concern is that compliance expectations could expand data collection by default, even when users are simply transacting on public blockchains.