Deep Tide TechFlow News, on August 13, according to Cointelegraph, several banking industry groups, including the Bank Policy Institute (BPI), warned Congress to close the regulatory loophole regarding stablecoin yields in the GENIUS Act. This loophole allows stablecoin issuers to provide yields to holders through affiliated companies. Banking industry groups stated that this could lead to as much as $6.6 trillion in deposits flowing out of the traditional banking system, affecting credit supply and increasing borrowing costs.