The White House is reportedly preparing additional interactive tools to bolster the CLARITY Act and rebut claims that prohibiting stablecoin yield would drain bank deposits, building on a Sep
The White House is reportedly preparing additional interactive tools to bolster the CLARITY Act and rebut claims that prohibiting stablecoin yield would drain bank deposits, building on a September 15, 2026 Council of Economic Advisers page that already publishes a live model challenging the deposit-outflow narrative. The reported campaign remains unconfirmed, but the official model it draws from is readable now.
The plan to expand interactive tools as legislative support for the CLARITY Act comes according to unconfirmed reports, and no named official, launch date, or explicit statement tying future tools to securing passage has been independently verified. What is verifiable is narrower: a CEA research page dated September 15, 2026 already contains an interactive section titled "Explore the model" alongside an FAQ that responds directly to trade groups and advocacy organizations, according to the CEA page. For related coverage, see U.S. House to Present GENIUS and CLARITY Acts.
That distinction matters for policy watchers tracking how the administration is advancing crypto legislation toward the Senate: the evidence supports a tool that is live, not merely planned, even as the broader reported strategy stays speculative. For related coverage, see White House Eyes AI Policy Amid Government Shutdown Concerns.
The core of the reported plan is to use interactive tools to defend the administration's economic case for prohibiting stablecoin yield, a policy question central to CLARITY Act variants that would extend the GENIUS Act's issuer-yield ban to affiliate and third-party arrangements. For related coverage, see White House to Release First Crypto Policy Report by Month's End.
The published September model already lets users adjust the relative share of the stablecoin market, the share of reserves held in cash, banks' liquid-asset treatment of issuer deposits, household yield sensitivity, the share of Treasury-bill proceeds that never return as lendable deposits, the post-policy yield on stablecoins, and the Federal Reserve's operating regime, per the CEA FAQ. The reported future tools would extend that same effort to challenge deposit-outflow claims.
"CEA has also created an online tool, which allows one to adjust the relative share of the stablecoin market, the share of reserves stablecoins hold in cash, the share of liquid assets banks hold against issuer deposits, households' sensitivity to yields, the share of bill proceeds that never return as lendable, the post-policy yield on stablecoins, and the Federal Reserve's operating regime." — Council of Economic Advisers, White House FAQ
The reported timing, the responsible office beyond CEA, public availability, and functionality of any additional tools have not been confirmed, and the original tip's date, named speaker, and explicit CLARITY-passage claim were not established. The language here stays deliberately provisional: additional tools are planned per unconfirmed reports, not demonstrated as live.
The dispute centers on whether ending stablecoin yield meaningfully redirects money into bank lending, a claim advanced by banking trade groups that CEA's model treats as conditional rather than observed. The September page separates portfolio shifts, lending capacity, and actual additional loans, none of which measure realized deposit flight.
CEA's April 8, 2026 baseline estimates that eliminating stablecoin yield would increase bank lending by $2.1 billion, or 0.02%, with a net welfare cost of $800 million and a cost-benefit ratio of 6.6, all conditional model estimates rather than measured effects.
Modeled additional bank lending
$2.1 billion
CEA’s April 8, 2026 baseline estimates that prohibiting stablecoin yield would increase bank lending by $2.1 billion, or 0.02%. This is a conditional model estimate, not an observed deposit outflow or lending change.Source: White House / Council of Economic Advisers, April 8, 2026.In that original baseline, large banks account for 76% of additional lending and community banks for 24%, with CEA defining community banks as those holding assets below $10 billion and estimating $500 million of additional community-bank lending, or 0.026%. Whose deposits are in scope, the claimed mechanism, and the time horizon all require attribution before the claim reads as a banking-sector finding.
A White House challenge is not proof a claim is false; CEA itself discusses changes in funding composition, bank-level redistribution, and potential flows to the Treasury General Account or Federal Reserve, and does not assert that stablecoins cause no outflows under any circumstances. The industry critique CEA links, an ABA Banking Journal piece, was not independently readable during verification and its substance is not confirmed here.
The September interactive page displays a baseline of $54.4 billion moving out of stablecoins yet only the same modeled $2.1 billion of additional bank lending, illustrating why a large portfolio shift does not translate into commensurate credit creation once liquid-asset treatment and non-returning bill proceeds are held fixed.
That gap is the administration's central rhetorical point: the model attributes most of the outflow to reallocation that never becomes lendable, and the net welfare cost reinforces the argument.
Modeled net welfare cost
$800 million
CEA’s April 8, 2026 baseline estimates a net welfare cost of $800 million from prohibiting stablecoin yield. This is a conditional model estimate, not an observed loss.Source: White House / Council of Economic Advisers, April 8, 2026.The GENIUS Act, signed in July 2025, requires at least one-to-one reserve backing and prohibits issuers from paying interest or yield, while affiliate or third-party arrangements are not explicitly prohibited and some proposed CLARITY Act variants would close that channel, per the CEA executive summary. The tools function as economic support for extending the yield prohibition, which is why they surface in the debate as lawmakers weigh the GENIUS and CLARITY Acts together.
Current CLARITY legislative status and exact operative bill text were not independently verified, so no enactment should be inferred and a proposed variant should not be treated as settled law. The debate persists even as SEC Chair Paul Atkins has signaled crypto rules can advance without the CLARITY Act.
The September FAQ explains that its $72 billion ample-reserves scenario and $531 billion scarce-reserves scenario share the other assumptions, a $1.7 trillion stablecoin market, 100% of reserves held as cash, and extreme yield sensitivity, so comparing $2.1 billion directly against $531 billion changes several assumptions at once.
The page also states its live model uses the paper's equations and calibration, with rounding of intermediate values in the printed paper able to cause differences in the last digit, and that the tool's market-size inputs are calibration assumptions rather than live market data. That transparency about methodology is itself part of the administration's credibility argument, and echoes the broader push seen in the White House crypto policy report.
USDC, the largest regulated dollar stablecoin illustrating the market in scope, traded at roughly $0.9998 with a market capitalization near $74.2 billion and 24-hour volume around $17.8 billion as of the September 15, 2026 research snapshot, values that reflect background context rather than any policy reaction. Broader sentiment sat at 69 on the Fear & Greed Index, in "Greed" territory, as of the same date, though that gauge tracks general crypto mood, not this proposal.
For a release of any additional interactive tools, watch for an attributable announcement confirming access and timing, disclosed data sources, assumptions, definitions, and limitations behind any presented figures, and a clear separation of later stakeholder responses from evidence the tools themselves offer. Independent secondary confirmation of the reported campaign, current CLARITY bill text and status, and readable industry rebuttals remain the concrete gaps that would move this story from partial to fully verified.
They are interactive tools, one already published by CEA on September 15, 2026 and others reported but unconfirmed, that support the case for prohibiting stablecoin yield and challenge deposit-outflow claims; full functionality of any future tools is not supplied.
The September 15, 2026 CEA page contains a live "Explore the model" section, but reports of an expanded tool campaign tied to CLARITY passage describe plans and do not establish a separate launch.
CEA offers a conditional model, not a causal finding; its baseline shows $54.4 billion in modeled portfolio movement producing only $2.1 billion in modeled additional lending, figures that do not measure realized deposit flight.
No. The tools provide economic support for the legislative debate; the evidence supplies no indication they alter bill text, and CLARITY's status was not independently verified.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
The post White House Plans CLARITY Act Tools on Stablecoin Outflows was initially published on Coincu.
