The traditional banking sector is making its stance crystal clear on stablecoin regulation. The American Bankers Association (ABA) emerged as the strongest voice pushing for a comprehensive stablecoin rewards ban, particularly targeting interest payment mechanisms. On January 5th, the ABA submitted a formal letter challenging the framework of the GENIUS Act, specifically arguing that the proposed interest payment restrictions should extend far beyond just issuers. The banking industry's position reflects growing concern about how stablecoins compete with traditional deposit products. What's interesting here is the scope of the ABA's proposal—they're not just asking for light-touch regulation, but pushing for stricter boundaries that could reshape how stablecoin platforms operate. This regulatory pressure represents a critical moment for the crypto industry as it navigates the intersection between innovation and traditional finance's protective interests.