CLARITY Act: White House Says Deposit Flight Risk From Stablecoin Rewards “Quantitatively Small”
By Boluwatife Adeyemi
White House economists have allayed fears that stablecoin rewards pose a significant risk to bank deposits, describing the deposit flight risk as 'quantitatively small'. This assessment provides a major boost to the CLARITY Act. The study also concludes that banning stablecoin rewards would do little to support bank lending.
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