A report by the Council of Economic Advisers has found that banning yield on stablecoins would only marginally increase bank lending, while creating clear economic downsides. The report suggests that transferring funds from stablecoins back into bank deposits would not significantly increase lending. However, it estimates a net welfare loss of around $800 million per year due to the loss of access to yield. The findings come amid a dispute between banks and the crypto industry over stablecoin yields. The proposed Digital Asset Market Clarity Act could clarify this issue by clarifying whether yield should be restricted across the board or allowed under certain conditions.