According to the Financial Times, institutions such as the American Bankers Association (ABA) and the Bank Policy Institute (BPI) are advocating for amendments to the recently passed GENIUS Act, claiming it has regulatory loopholes that allow trading platforms to pay returns to third-party stablecoin holders, which could lead to as much as $6.6 trillion in deposits flowing out of the traditional financial system, weakening credit supply and driving up borrowing costs.