TD Cowen: The probability of the U.S. Congress passing a ban on stablecoin yields is only 10%. Washington analyst Jaret Seiberg pointed out in a policy report on Monday that although the banking sector is making a renewed push to ban crypto platforms from paying yields to stablecoin holders following the Democrats' midterm election victories, the likelihood of Congress passing such a ban over the next two years remains at just 10%. He believes that while community bank lobbying could carve out a narrow path, divisions within the Democratic Party over the stablecoin yield issue—coupled with the political pressure of risking backlash from retail investors—still make it difficult for the bill to ultimately pass.