CoinDesk Podcast Network Ric Edelman Says Banking Lobby ‘Likely to Win’ the Stablecoin Fight | Markets Outlook
Mar 9, 2026
Ric Edelman, veteran financial advisor and founder of the Digital Assets Council of Financial Professionals, gives blunt takes on policy and markets. He argues the banking lobby will likely win the stablecoin yield battle and urges compromise. He outlines timing for the Clarity Act, warns what failure could mean, defends Bitcoin against quantum fear, and reiterates a long-term bullish Bitcoin outlook.
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Banks Will Likely Win Stablecoin Yield Fight
- Ric Edelman says the banking lobby opposes stablecoin yield as a turf war, not a consumer safety issue.
- He urges compromise to pass the Clarity Act because legislative certainty outweighs holding out for yield provisions.
Accept Compromise To Secure Clarity
- Do prioritize passing the Clarity Act even if it omits stablecoin yield, because clarity will accelerate adoption and market growth.
- Edelman predicts passage before midterms is possible but says timing and exact language remain uncertain.
Clarity Failure Causes Short Pain And Slower Growth
- Failure to pass clarity would cause a sharp short-term price drop and longer slower growth for crypto.
- Edelman expects announcements of non-passage to trigger knee-jerk selloffs but only temporary momentum loss.