TechFlow News: On April 15, according to CryptoSlate, the White House Council of Economic Advisers recently released a research report stating that banning yield on stablecoins offers only minimal protection for bank lending, while significantly diminishing consumers’ ability to earn returns via digital cash. This conclusion directly undermines the core banking industry argument in favor of a yield ban and provides new policy support for advancing the CLARITY Act.
Currently, Treasury Secretary Bessent and SEC Chair Atkins have both publicly expressed support for the bill, indicating growing alignment between the executive branch and regulatory agencies. However, the Senate Banking Committee has yet to announce a timeline for reviewing the bill, and political maneuvering remains the greatest uncertainty. Analysts note that if the committee completes its review before the summer recess, the bill’s chances of passage will rise significantly; otherwise, it faces dual risks—electoral pressures and legislative delays.
