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Jason Brett

Arlington, East Coast United States, New York
As seen in: Forbes, Bitcoin Magazine, beehiiv, Forbes Brasil, NewsBreak, Forbes Japan, Engineering.com, Forbes Argentina, Unchained Crypto, USSA News and
Ex-FDIC Regulator (GFC 2008) | Random Stroll Through the Global Financial Crisis | America’s New Pastime: Betting on Infinity
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Articles

Tillis-Alsobrooks Reach Compromise On Stablecoin Yield In Clarity Act

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By Jason Brett
| Forbes Verified
Senator Angela Alsobrooks, a Democrat from Maryland, on the Senate Banking, Housing, and Urban Affairs Committee, worked with Senator Thom Tillis, a Republican from North Carolina, on bipartisan stablecoin yield compromise text that could move the Clarity Act to a markup this month.
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Why Bank And Crypto Studies Disagree Sharply On Stablecoin Yield Risks

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By Jason Brett
| Forbes Verified
Banking and crypto studies reach sharply different conclusions on the risks of allowing stablecoins to pay yield and potential downstream impacts on bank lending, while Senators try to determine what guardrails need to be added in the CLARITY Act. getty The debate over whether payment stablecoins should be allowed to pay yield—directly by issuers or through affiliates—has become the single biggest roadblock to the Digital Asset Market Clarity Act (CLARITY Act) in the Senate.
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Stablecoin Yield Ban Would Cost Americans $800 Million Per White House

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By Jason Brett
| Forbes Verified
The White House released a report by the Council of Economic Advisers (CEA) titled "Effects of Stablecoin Yield Prohibition on Bank Lending" that revealed a complete ban would only net $2.1 billion in lending for banks and has a net welfare cost of $800 million due to the loss of yield by consumers.
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