White House CEA: The impact of banning stablecoin yields on community bank loans is less than 0.03%
By: rootdata|2026/04/09 00:03:36
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According to Decrypt, the White House Council of Economic Advisers (CEA) released a report stating that banning stablecoin yield products would only increase community bank loan volumes by 0.026% (approximately $500 million), with the overall banking sector loan increment also being only 0.02%, resulting in a net welfare cost of $800 million. The report directly refuted the Independent Community Bankers of America (ICBA) warning that small banks would lose $1.3 trillion in deposits.
At the time of the report's release, the Clarity Act, which regulates stablecoin yields, was still stalled in Congress. Senator Cynthia Lummis stated that the bill would enter the review process in the second half of April and aims to complete legislation before May.
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