The White House Council of Economic Advisers will launch interactive tools to refute the banking industry's concerns about stablecoins

The White House Council of Economic Advisers will launch an interactive tool on Tuesday that allows users to set their own parameters and operating scenarios to support the conclusion that there is no substantial correlation between stablecoin growth and community bank deposit outflows. This tool aims to persuade Senate Republicans to advance the CLARITY Act and address concerns from banking groups regarding stablecoin provisions. Several Republican senators have hinted at the possibility of voting against the bill, while pro crypto Democrats have expressed dissatisfaction with the strength of ethical provisions that constrain President Trump. The bill requires at least 60 votes to be pushed forward. (Source: Semafor)