Columbia Business School Debunks 5 Stablecoin Myths Stalling US Crypto Reform

As the US Senate edges closer to finalizing its digital asset market structure bill, one surprisingly simple issue is holding up progress: stablecoin yield. While headlines focus on DeFi oversight and token classification, Columbia Business School adjunct professor and crypto policy analyst Omid Malekan warns that much of the debate in Washington is based on myths rather than evidence. Banks vs. Stablecoins: Are US Lawmakers Fighting a Phantom Threat? Malekan identifies five persistent misconceptions about stablecoins and their impact on the banking system According to Malekan, who has reportedly been lecturing at Columbia Business School since 2019, these misconceptions, if left unchallenged, threaten to stall meaningful crypto legislation source: https://beincrypto.com/stablecoin-myths-stall-us-crypto-reform/