PANews reported on May 6th that, according to The Block, TD Cowen analyst Jaret Seiberg stated that banking industry groups have formally opposed the compromise on stablecoin yields, seeing no "middle ground" between banks and crypto platforms. This controversy could further delay crypto legislation and reduce its chances of passing this year. Several industry groups, including large banks, stated on Monday that the compromise was "unacceptable." Seiberg pointed out that the banking industry has formed a united front, and the proposed rules from the Office of the Comptroller of the Currency under the GENIUS Act could restrict most stablecoin yields, giving banks an advantage in the legal challenge. This controversy could postpone the bill's consideration until June, with the August recess remaining the deadline for legislation. Seiberg also stated that the ethics clause pushed by Republican Senator Thom Tillis has become the "latest obstacle" to the bill.