Have Banks Already Lost the Fight Over Stablecoin Yield?
About this episode
The episode discusses the ongoing battle between banks and stablecoins regarding yield offerings and the implications of recent legislative actions.
Banks have fought a comprehensive effort to ensure stablecoins cannot offer yield. But the Senate Banking Committee passed a bill that the banking industry still says falls short. Does that mean banks have lost the fight? Will a crypto market structure bill pass this year? Brendan Pedersen of Punchbowl News offers insights into the current and future state of play.
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