American banks require repairs to the genius of the Stablecoins Act Donald Trump
The largest bank coalition in the United States is pushing the Senate to review the brilliant law signed by Donald Trump in July 2025. Why? He believes that some violations of this law could weaken credit and financial stability. Among the unpleasant points: a ban for stablecoin issuers pay interest, considered too much bypass.
Banks want to fill the gaps from the brilliant law
In a letter addressed to the Senate, the largest banking association such as American Bankers Association, Bank Policy Institute or Financial Services Forum ,, Warn of “hole” in a brilliant act. This law, adopted on July 18, 2025 Donald Trump, created the first federal regulatory framework for Stablecoins in the United States.
In particular, it stores Stablecoins are fully covered with dollars or cash registersDisabling interest on it and placing the transmitters under the supervision of regulatory supervision. The aim of this law was to provide the official framework of Stablecoins as a means of payment, but some experts are very critical against it.
For example, the US consumer organization states that it criticizes the lack of federal protection against losses, a clear right to a quick redemption in the event of a crisis, coverage by independent audits, and effective exercise of consumer protection laws.
🪙 Discover everything on stablecoins, these cryptocurrencies that protect volatility
In their letter, these banking associations therefore ask for an extension of the ban on stablecoin issuers in interest paying also to associated platforms such as crypto brokers and exchanges. According to them, without that revenues “Bypassing the spirit of law” would attract deposits Outside banks and braking creation.
The result will be an increased risk of leakage of deposits, especially during stress, which will weaken the creation of loans throughout the economy. The corresponding reduction in the loan offer will lead to higher interest rates, lower loans and increased costs for the main streets and households.
They also consider a system that Must prevent non -financial companies from emitting stablecoinsAnd ask the rules to be clear to whom it has, from federal or states, the last word in terms of supervision to avoid bypass.
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The reaction of a crypto ecosystem
Crypto actors question these arguments. Paul Grewal, the law director of Coinbase, confirms that it exists “No alleged legal vacuum” And that Congress has already refused equivalent proposals during the debates.
The company also warned, on its part, it expressed the company SI Circle, issuer USDC against difficulties in implementing these new rulesEspecially with regard to compliance with reserve and transparency requirements.
🗞 Circle is going to run a blockchain dedicated to Stablecoin USDC
In the coming weeks, they will say that the Congress will reinforce the genius law to even tighten the bolt about the ban on interest and decide on the place of non -financial issuers.
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After training in journalism, I worked for several years in General Press before I discovered the world of personal finances and scholarships. Since 2020 I have been particularly interested in decryption of messages that affect the markets of crypts into crypts. My goal? I always teach my readers more by providing the most accurate and effective information.
Justine Ferrari
216 articles