🚨NEW: @ABABankers is pushing back on the White House Council of Economic Advisers stablecoin report, saying the analysis misses the bigger policy concern. They warn that allowing yield could pull deposits from community banks, raise funding costs, and tighten local lending as stablecoins scale. “By focusing on the effects of a prohibition, the CEA paper risks creating a misleading sense of safety by avoiding the much more consequential scenario: yield-paying payment stablecoins scaling quickly.” Link to response below. ⬇️(Eleanor Terrett)