Banking Lobby Intensifies Policy Push Against Stablecoin Yields and for Open Banking Reform

A major banking industry lobby group is actively shaping new policy proposals that take aim at the yield-generating potential of stablecoins while simultaneously advocating for the advancement of open banking frameworks. The dual-pronged strategy seeks to address competitive concerns from digital assets while promoting data-sharing standards that could benefit traditional financial institutions. This policy push highlights the growing tension between innovative crypto products and established banking regulations, as legacy players work to influence the legislative landscape in their favor. The focus on stablecoin yields underscores worries about market disruption and consumer protection in the rapidly evolving digital finance sector.