ABA Survey Finds 57% Oppose Stablecoin Yield That Could Harm Community Lending as Senate Advances Bipartisan Clarity Act

The American Bankers Association released a survey on June 3, 2026, showing that 57% of respondents believe Congress should prevent crypto firms from offering anything resembling bank interest on stablecoins if it could harm community lending. U.S. adults for the association, with a margin of error around 2%.

The survey also found that 61% agreed the approach to crypto rules should be cautious and not threaten the traditional financial system, especially community banks. Rob Nichols, president and CEO of the American Bankers Association, said in a statement that lawmakers need to know Americans do not want rules that undermine lending and economic growth.

U.S. Adults said they are likely to buy or use digital assets in the next year. Twenty-four percent said stablecoins and crypto could provide meaningful benefits to them, and 17% said they currently own digital assets. Fifteen percent indicated that the safety of the rest of the financial system was not a concern when pursuing digital asset regulation.

The American Bankers Association is lobbying against the crypto sector over the stablecoin section of the Digital Asset Market Clarity Act. As the bill stands, crypto platforms would not be allowed to offer yield for static holdings of stablecoins, but they could set up rewards programs similar to credit-card programs for active use of the tokens.

U.S. Regulatory regime for the crypto industry. Senators moved forward in the Senate Banking Committee with a bipartisan compromise, though the language must still be merged with a similar bill that passed the Senate Agriculture Committee. A handful of weeks remained in the Senate's calendar to get the market structure bill to President Donald Trump's desk as of June 3, 2026.

The Blockchain Association shared a letter signed by 160 former members of law enforcement, national security and intelligence communities who favor a modern federal framework for digital asset oversight. The association plans to visit Senate offices with some of those signers on Wednesday.