Clarity Bill: White House Supports Crypto in the Stablecoin Yield Battle With Banks
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White House CEA report (Apr 2026) finds restricting stablecoin rewards would have minimal impact on banks' lending, directly contradicting banking industry claims. Report strengthens pro-crypto arguments in the Clarity Act debate, reducing regulatory risk for stablecoins and DeFi yield products and likely supporting adoption and stablecoin market confidence.
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The White House has released a report that squashes the banking industry’s claims on the negative impact of stablecoin yield on their operations. The new report from the White House’s Council of Economic Advisers suggests that restricting stablecoin rewards may have minimal impact on banks' lending services, adding another layer to the ongoing Clarity Act policy debate in the United States.
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