White House Report Finds Stablecoin Yield Poses Limited Risk to Banks
Senator Alsobrooks is mentioned as a lead negotiator on the yield compromise between banks and the crypto industry.
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tl;dr
A White House Council of Economic Advisers report finds that allowing stablecoin yield poses minimal risk to bank deposits, potentially shifting the debate over pending crypto market structure legislation.
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CMCynthia M. LummisR-Wyoming
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