{"id":79857,"date":"2026-04-08T10:33:15","date_gmt":"2026-04-08T10:33:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=79857"},"modified":"2026-04-08T10:33:15","modified_gmt":"2026-04-08T10:33:15","slug":"white-house-economists-oppose-ban-on-stablecoin-yields","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=79857","title":{"rendered":"White House Economists Oppose Ban on Stablecoin Yields"},"content":{"rendered":"<div>\n<p>White House economists, part of the Council of Economic Advisers, reported today that banning crypto firms from offering customers yield on stablecoins won\u2019t have a meaningful effect on community banks.<\/p>\n<p>This marks the latest developments in a notable conflict between the banking industry and the crypto industry.<\/p>\n<p><a href=\"https:\/\/www.whitehouse.gov\/research\/2026\/04\/effects-of-stablecoin-yield-prohibition-on-bank-lending\/\">According<\/a> to the Council:<\/p>\n<blockquote>\n<p>\u201cThe conditions for finding a positive welfare effect from prohibiting yield are simply implausible. [\u2026] In sort, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings.\u201d<\/p>\n<\/blockquote>\n<p>The ongoing debate between both lobbies is expected to be formalized in the Clarity Act. The legislation is to close that perceived loophole by doing one of two things \u2013 either banning rewards from third-parties on stablecoins or establishing them as legal.<\/p>\n<p>It\u2019s important to note that the Council of Economic Advisers sits within the White House\u2019s executive office. The current administration is known to have been rather favorable and supportive of the crypto industry, which was a major part of President Trump\u2019s election campaign.<\/p>\n<p>Recall that the latest proposal for the Clarity Act <a href=\"https:\/\/cryptopotato.com\/clarity-act-could-stop-platforms-acting-like-banks-but-rewards-stay\/\">was to bar<\/a> crypto platforms from offering stablecoin rewards to their customers, whether \u201cdirectly or indirectly,\u201d or in any form that resembles a bank deposit. This would close all potential loopholes in the existing proposal for the legislation and prevent these platforms from introducing anything that is similar to interest-earning stablecoin offerings.<\/p>\n<p>The latest report by the CEA comes in stark contrast to that as the debate heats up and continues.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/white-house-economists-oppose-ban-on-stablecoin-yields\/\">White House Economists Oppose Ban on Stablecoin Yields<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>White House economists, part of the Council of Economic Advisers, reported today that banning crypto firms from offering customers yield on stablecoins won\u2019t have a meaningful effect on community banks. This marks the latest developments in a notable conflict between the banking industry and the crypto industry. According to the Council: \u201cThe conditions for finding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-79857","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79857"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79857\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}