Latest Council of Economic Advisers News & Updates

Washington, April 9 (IANS) A White House economic study has found that banning yield on stablecoins would do little to increase bank lending, challenging a central argument made by traditional banks in the debate over digital assets. The analysis by the Council of Economic Advisers (CEA) shows that eliminating stablecoin yield would raise lending by just $2.1 billion, or about 0.02 per cent, while imposing a net welfare cost of $800 million.The findings come as policymakers weigh tighter rules o…