白宫揭露稳定币收益率禁令无助于银行，增加了参议院清晰度的赌注

White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has changed the focus of Washington’s debate over the CLARITY Act. The report addresses the main issue slowing the bill in the Senate: whether limiting stablecoin yields actually protects the banking system. The study’s findings are central to ongoing talks. After reviewing recent data on stablecoin activity, consumer habits, and bank liquidity, it found little proof that stablecoin yield products currently threaten bank lending or deposits. Instead, the report said that banning yields would mostly limit consumers’ ability to earn returns on digital cash, while offering little or no real benefit to the stability of traditional funding. This puts more pressure on those who support strict limits, especially since negotiations are already at a difficult stage. The timing is important because CLARITY has entered a phase where broad support for federal market structure is no longer the main constraint. The unresolved question sits one level lower. Related Reading CLARITY Act faces a 2 week deadline as Senate gridlock and bank pressure threaten freeze out until 2030 Coinbase’s Brian Armstrong just flipped back to support after a Treasury push, yet Senate Banking still hasn’t moved. Apr 14, 2026 · Oluwapelumi Adejumo Washington’s key institutions increasingly agree that digital asset laws need a strong framework for custody, disclosures, registration, oversight, and clear roles for regulators. The tougher debate is over the details of the framework, which will decide who benefits financially, who pays for compliance, and who controls the main channels for dollar liquidity. The stablecoin yield issue is now the main point where these competing interests are being worked out. This shift has been clear for months, but recent official comments have made it even more focused. Treasury Secretary Scott Bessent called market structure legislation the next b