Regional banking institutions are pushing U.S. lawmakers to plug a regulatory gap in the GENIUS Act—specifically targeting yield-bearing stablecoins. Their concern? Pretty straightforward: if this loophole stays open, it could siphon deposits away from community banks, ultimately hampering their ability to finance local businesses and ordinary households. The worry stems from stablecoins offering returns that traditional savings accounts can't match. It's a classic tug-of-war between financial innovation and the protection of traditional banking infrastructure.