According to CoinDesk, the American Bankers Association is stepping up lobbying efforts to push the Senate to further tighten the stablecoin yield provisions in the Digital Asset Market Clarity Act. ABA states that the current version still allows earning similar interest through stablecoins, which could replace insured bank deposits and weaken sources of credit such as mortgages and corporate loans. Although the bill proposes a compromise to ban such yields and only allow rewards similar to credit card points, the banking group still demands closing the so-called "yield loophole" to prevent the stablecoin market cap from expanding from about $300 billion to approximately $2 trillion, which would put pressure on bank liabilities and slow down crypto legislation progress.