A coalition of 52 banking organizations, including the American Bankers Association and other lobbying groups, has launched a campaign to influence Senate Banking Committee leaders regarding the GENIUS Act, a proposed stablecoin bill. The group argues that the legislation should be revised to remove a provision granting state-chartered uninsured depository institutions an unfair competitive advantage. Additionally, they are calling for a ban on stablecoin-affiliated companies offering yield-bearing products in a separate letter. These lobbying efforts aim to shape future cryptocurrency market structure regulations and advocate for a complete overhaul of the proposed stablecoin bill.