Restricting stablecoin yield and rewards lacks any sound economic justification. The policy creates real damage across multiple fronts—it directly hurts consumers who lose access to competitive returns, weakens the US dollar's appeal in the digital economy, and raises national security concerns by ceding ground to offshore alternatives. Meanwhile, the primary beneficiary? Traditional banks defending their turf. By keeping stablecoin rewards suppressed, regulators shield deposit accounts offering near-zero interest from facing actual market competition. It's protectionism wrapped in policy language.