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🚨NEW: In today’s meeting, @SenThomTillis and other Senate Banking Republicans pressed @patrickjwitt to release a recent White House Council of Economic Advisers study examining stablecoin yield and its potential impact on deposit flight and bank lending.
Lawmakers on @BankingGOP have been briefed on the findings, but the report remains unreleased. Sources say there’s been a push inside the White House and the Senate for weeks to make it public. I’m told the report includes economic analysis and reaches conclusions that lean positive for crypto.
Some GOP senators are also planning to make calls to the White House today to press for its release.
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