Banking Association calls for revision of stablecoin bill The American Bankers Association and 52 banking organizations have sent a letter to the Senate Banking Committee, suggesting revisions to the GENIUS Act signed by Trump. They believe that the bill has hidden concerns regarding interest payments, state-level regulation, and the issuance of stablecoins by non-financial companies, which may harm the stability of the financial system. Especially the ban on stablecoin interest payments has been criticized for being too lenient or causing market incentives to distort.