White House Economists Oppose Ban on Stablecoin Yields

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News White House economists, part of the Council of Economic Advisers, reported today that banning crypto firms from offering customers yield on stablecoins won’t have a meaningful effect on community banks. This marks the latest developments in a notable conflict between the banking industry and the crypto industry. “The conditions for finding a positive welfare effect from prohibiting yield are simply implausible. […] In sort, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings.” The ongoing debate between both lobbie

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