Banks are dealing with a myriad of complicated arrangements between third parties, stablecoin issuers and crypto exchanges that make banning stablecoin yield much more difficult. Forward look: The Senate Banking Committee's version of market structure legislation is in limbo as bank and crypto firms argue about yield language. The Senate Banking Committee's version of market structure legislation is in limbo as bank and crypto firms argue about yield language. Processing ContentAs the Senate Banking Committee and Senate Agriculture Committee prepare to mark up crypto market structure legislation, banks have lobbied extensively for a blanket prohibition on anything resembling interest payments tied to stablecoin holdings. Banks believe that if crypto companies can offer yield-like rewards for holding digital dollars, deposits will flee the traditional banking system.