TD Cowen puts just 10% odds on a stablecoin yield ban in the next two years

TD Cowen analyst Jaret Seiberg assigns only a 10% probability to Congress banning platform stablecoin yield within the next two years. The call comes as banks renew their lobbying push following Democratic midterm wins. A ban would remove a key revenue feature for stablecoin issuers and platforms, so traders watching yield-bearing stablecoin products should note the low but non-zero regulatory risk.