Recent legislative and regulatory efforts, specifically the GENIUS Act (2025) and the proposed CLARITY Act (2026), have moved to implement an outright ban on stablecoin yields. Driven by lobbying from traditional banking institutions, these measures seek to prohibit payment stablecoin issuers (PPSIs) and their affiliates from offering any form of interest, rewards, or financial consideration to holders.

The banking sector argues that these yields threaten "deposit flight." However, this is a move to stifle competition and force consumers into low-interest traditional savings accounts, effectively denying everyday Americans the right to benefit from the efficiencies of blockchain-based finance.

The Demands
We, the undersigned, call on our elected officials and financial regulators to:

Repeal the Blanket Ban on Stablecoin Yields: Remove provisions in the GENIUS Act and the OCC’s "rebuttable presumption" framework that treat all yield-bearing arrangements as illegal evasions.
Protect Consumer Choice: Allow stablecoin holders to earn rewards and yields that reflect the true market value of the underlying assets (such as U.S. Treasury bills), just as money market funds and other financial instruments do.
Encourage Competitive Parity: Instead of banning innovation to protect traditional bank deposits, regulators should focus on transparent reserve requirements and consumer protection standards that allow both banks and digital asset issuers to compete on a level playing field.
Support the "White House Compromise": At a minimum, adopt the proposed compromise that permits rewards for peer-to-peer payment activity and active use, rejecting the banking industry's demand for a total prohibition.

Why This Matters
Financial Inclusion: Stablecoins offer a high-speed, low-cost alternative to traditional banking. Banning yields removes the primary incentive for the public to adopt these more efficient systems.
Economic Freedom: Investors should have the right to choose where their capital is held based on the best available return-to-risk ratio.
National Competitiveness: While the U.S. considers bans, other jurisdictions like the EU (under MiCA) and Singapore are creating structured frameworks. A ban on yield will drive American innovation and capital offshore.

Sign the Petition
By signing below, you are demanding that the U.S. financial system remains open, competitive, and focused on the interests of the consumer—not the protection of legacy banking monopolies.