U.S. banks are urging Congress to impose restrictions on stablecoin yields and revise open banking rules as part of the American Bankers Association's (ABA) 2026 policy priorities. The ABA seeks to ban yield on payment stablecoins and adjust open banking regulations to enhance consumer protection and competitive balance. This move comes amid ongoing legislative efforts to integrate crypto and traditional finance under a unified regulatory framework. Critics from the crypto and fintech sectors argue that these proposals favor banks by limiting the reach of crypto wallets, stablecoin issuers, and fintech applications. The debate over stablecoin yield has become a contentious issue, contributing to the delay of a Senate Banking Committee markup after Coinbase withdrew support. Bank executives, including Bank of America CEO Brian Moynihan, warn that yield-bearing stablecoins could divert deposits from banks, impacting lending capacity. The ABA's stance reflects a broader push to ensure that the integration of digital assets into the financial system aligns with banking industry interests.