Bank lobby seeks limits on stablecoin yields and open-banking data sharing

The American Bankers Association has outlined priorities aimed at limiting how digital dollars earn returns and how financial data is shared as lawmakers debate U.S. crypto market structure legislation.

Those priorities target the yield that can be earned on digital dollars and the mechanisms for sharing financial information, forming part of the association’s broader policy push.

The measures were announced amid ongoing debate over crypto market structure in the U.S.; it is not specified what legislative changes, if any, will follow or how lawmakers will respond.

Key Topics

Crypto, American Bankers Association, U.s. Crypto Legislation, Stablecoin Yields, Open Banking, Digital Dollars