According to TD Cowen, the dispute between banks and cryptocurrency companies over rules prohibiting stablecoin issuers from paying yields could delay or jeopardize the passage of the broader U.S. Cryptocurrency Market Structure Act. The core of the conflict lies in a proposal by the Office of the Comptroller of the Currency (OCC) aimed at implementing the ban on issuer payments outlined in the GENIUS Act. Banks argue that this ban is insufficient to prevent platforms from offering similar rewards. JPMorgan Chase CEO also called for the creation of a "fair competitive environment" and stated that any interest-like payments should be subject to similar banking regulations. Analysts warn that the current deadlock creates uncertainty, although some still expect the bill to be legislatively approved by mid-year.