ABA Pushes Banks to Lobby Senators Over Stablecoin Yield Provisions

Cointelegraph Staff

(07:00 AM UTC)

1 min read

The American Bankers Association is lobbying US senators ahead of this week’s Senate Banking Committee markup of crypto legislation, warning that proposed stablecoin rules could incentivize consumers to move deposits out of banks.

In a Sunday message to member bank CEOs shared on X by Punchbowl News reporter Brendan Pedersen, ABA president and CEO Rob Nichols said the current version of the…

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