We keep hearing stablecoins will somehow drain bank deposits. The White House @CEA47 dispelled that myth again. The deposit stays in the system, it only moves. Banning yield outright barely helps lending (0.02%!) and costs households ~$800M a year (!). The numbers don't lie. Despite all this, CLARITY 10404 already addresses purported deposit flight risk and now has a "regulatory circuit breaker," letting the Treasury Secretary to initiate a rulemaking if / when such a deposit flight actually occurs. If it's already here (which it clearly isn't), Treasury acts right away, and the circuit breaker addresses this. If it isn't happening, then the concern was never real to begin with. So which is it? Either way, Section 10404 already speaks directly to the concern.