The Donald Trump administration is pushing back against concerns that stablecoin growth could trigger large deposit outflows from regional banks ahead of Tuesday’s procedural vote on the CLARITY Act. The Council of Economic Advisers plans to publish an interactive analysis tool comparing stablecoin growth with regional-bank deposits, arguing that available data do not support evidence of a large-scale deposit flight. Users will be able to change assumptions and compare outcomes under different scenarios. The White House is using the analysis to address banking-industry concerns and build support among Senate Republicans. Republicans continue to debate restrictions on stablecoin yield, while Democrats have raised concerns that the legislation’s ethics safeguards for Trump are insufficient. The CEA previously found no meaningful relationship between stablecoin growth and regional-bank deposit outflows. Its model estimated that ending stablecoin yield would generate $2.1 billion, or 0.02%, in additional bank lending, alongside an $800 million net welfare cost and a 6.6 cost-benefit ratio. The model distinguishes portfolio reallocation from actual deposit flight and lending, and allows users to adjust assumptions including stablecoin market share, cash reserves, issuer-deposit treatment, household yield sensitivity, Treasury-bill proceeds, post-policy yield and the Federal Reserve’s operating regime. The GENIUS Act, signed in July 2025, requires one-to-one reserve backing and prohibits issuers from paying interest or yield; some proposed CLARITY Act variants would extend that restriction to affiliate and third-party arrangements. The current CLARITY Act text and legislative status remain unverified in the available material.