U.S. Senator Cynthia Lummis has called on the banking industry to adopt stablecoins and digital assets, highlighting the potential for new product opportunities. In an interview, Lummis emphasized that stablecoins could drastically reduce settlement times and costs, enhancing transaction efficiency both domestically and internationally. She noted that banks offering custody and payment services for stablecoins could unlock additional business avenues. Lummis, who chairs the Senate Digital Assets Subcommittee, expressed confusion over the banking sector's resistance to digital assets, which she believes could expand their financial product offerings. The ongoing disagreement between banks and the cryptocurrency industry over stablecoin yield terms continues to hinder the progress of the U.S. Cryptocurrency Market Structure Act.