Where Money Goes If Yield Is Banned

"If passed, it would make it illegal for any regulated US entity to pass that treasure yield back to you."

"They claim that up to $6.6 trillion in deposits could flee the traditional banking system."

"If they successfully pass section 404 and ban yield on centralized US platforms, that capital is not all going to return to a traditional savings account. Much of it will simply migrate to permissionless decentralized finance protocols"

"The real challenge we face now is whether the decentralized infrastructure can scale fast enough to absorb the trillions of dollars seeking a fair permissionless yield before the regulatory doors lock from the outside."