According to CoinMeta, the Bankers Association of America (Bankers Association of America) expressed dissatisfaction with the final rule issued by the Federal Reserve (Federal Reserve) regarding crypto platforms, stating that this rule will maintain the status quo of these platforms. The proposed restrictions on stablecoin yields have been canceled. The CEO of the Bankers Association of America, Rob Nichols, stated that it would be a mistake to try to address these issues only after deposit losses and economic damage have occurred.