In the United States, the debate over banning stablecoin passive yields has intensified, obstructing the progress of the CLARITY Act, and heightening conflicts between banks and cryptocurrency companies. Banks warn that yield rates as high as 3.5%-4% on stablecoins like USDC could trigger an outflow of funds from traditional accounts, which only offer yields of 0.01%-0.50%. Cryptocurrency exchanges such as Coinbase face the risk of declining revenues, and if yields are banned, retail participation could also decline, potentially slowing the adoption of stablecoins. The industry might adapt through activity-based incentive mechanisms, but broader regulatory clarity is viewed as key to long-term growth.