A new White House report has delivered a sharp blow to banking industry efforts to tighten the CLARITY Act Yield Fight: The Numbers Are Tiny According to the White House baseline model, extending the GENIUS Act issuer-level ban through the CLARITY Act to cover exchanges and third parties would increase total bank lending by just $2.1 billion. That’s a tiny 0.02% of outstanding loans. Of that modest gain, roughly 76% would flow to the biggest banks. Community banks (those with under $10 billion in assets) would pick up only about $500 million more in lending capacity, an increase of just 0.026%. Even if you throw in every aggressive assumption favorable to the banks, explosive White House Slams CLARITY Act Yield Ban
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