PANews
PANews|Sep 15, 2026 11:56
[White House Council of Economic Advisers to Launch Tool to Counter Banking Industry's Concerns About Stablecoins] According to Semafor, the White House Council of Economic Advisers (CEA) will launch an interactive tool on Tuesday, allowing users to set parameters and run scenarios to support its earlier conclusion that 'there is no substantive link between stablecoin growth and community bank deposit outflows.' This move aims to garner support from Senate Republicans to advance the 'CLARITY Act' and respond to banking industry groups, which on Monday stated that the latest amendments to the bill still fail to address their concerns over the stablecoin provisions. Several Republican senators have hinted at potentially voting against the bill, while pro-crypto Democrats are dissatisfied with the ethical provisions' insufficient constraints on Trump. The bill requires at least 60 votes to move forward.
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