From:
Bitcoin Insider cited commentary from Columbia Business School adjunct professor Omid Malekan in an article examining debates over proposed stablecoin legislation. Malekan argued that restricting stablecoin yields primarily serves to protect incumbent banks while depriving consumers of potentially fair returns on digital-dollar products. He emphasized that yield caps can stifle competition and innovation, and that a more balanced regulatory approach should focus on transparency, risk management, and consumer protection—rather than limiting product features that benefit users.
