Crypto shouldn’t “die on the hill” of stablecoin yield, Rick Edelman says
The veteran financial advisor says the banking lobby will likely win the yield-bearing stablecoin debate.
By AI Boost|Edited by Jennifer Sanasie Mar 10, 2026, 4:26 p.m.
Make us preferred on Google
Latest developments: Edelman told CoinDesk's Jennifer Sanasie on Markets Outlook that the dispute over whether stablecoins can offer yield is threatening progress on market structure legislation.
- Banking groups argue allowing stablecoin issuers to offer yield would siphon deposits from traditional banks.
- Edelman said banks are opposing the provision largely because stablecoins pose a competitive threat to their business models.
- The issue has become a sticking point in negotiations around the Clarity Act, a proposed crypto market structure bill in Washington.
- Despite siding with crypto on the economics, Edelman said the banking lobby is politically strong and “likely to win the argument.”
Why it matters: Edelman argues the industry should compromise rather than risk losing regulatory clarity altogether.
- “I don’t think it’s the hill to die on,” Edelman said about the fight over stablecoin yield.
- He said the broader legislation would provide long-awaited regulatory certainty for crypto companies and investors.
- Prediction markets currently suggest the bill will pass, he said, though the timeline remains uncertain.
- Edelman warned the bill could stall if it doesn’t pass before midterm elections.
The market outlook: Edelman believes regulatory clarity could quickly revive crypto markets.
- If the bill fails, he expects a sharp but temporary drop in crypto prices as investors react.
- Over the long term, crypto would still grow but at a slower pace without supportive legislation.
- If clarity arrives, Edelman predicts crypto prices could surge and quickly reach new all-time highs.
- He reiterated his long-term forecast that bitcoin could reach $500,000 by the end of the decade.
Reading between the lines: Edelman also pushed back on fears that quantum computing threatens Bitcoin.
- Claims that quantum computers will break the Bitcoin blockchain are “one of the dumbest things I’ve ever heard anybody say,” Edelman said.
- He argued the industry would develop defensive cryptography alongside any advances in quantum computing.
- Even if such machines emerge, attackers would likely target larger financial systems or infrastructure before Bitcoin.
- Edelman continues to recommend investors allocate up to 40% of portfolios to crypto broadly, focusing mainly on major assets such as bitcoin, ether and solana.
Looking ahead: Edelman expects consolidation among cryptocurrencies as the market matures.
- He predicts roughly a dozen major cryptocurrencies will ultimately dominate the sector.
- At the same time, tokenization could create hundreds of thousands of blockchain-based tokens representing assets like real estate, commodities and collectibles.
- That shift could dramatically expand diversification opportunities for investors.
More For You
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
By CoinDesk ResearchFeb 27, 2026
Commissioned byPudgy Penguins
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
What to know:
- Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.
More For You
Bitcoin climbs past $71,000 as oil shock fears continue to ease
By Krisztian Sandor, James Van Straten|Edited by Stephen Alpher1 hour ago
The International Energy Agency (IEA) on Tuesday said it will convene an extraordinary meeting of its member countries to consider releasing emergency oil reserves.
What to know:
- Cryptocurrencies rallied as easing fears of an oil supply shock, helped by the IEA’s move toward a possible release of emergency reserves, lifted risk sentiment across global markets.
- Bitcoin climbed above $71,500 at one point during Tuesday morning U.S. trading hours and major tokens like XRP, dogecoin, SUI and HYPE also advanced.
- Bitcoin is showing signs of decoupling from software and tech stocks, holding up better than equities during recent macro turbulence — a "cautiously optimistic" sign, one analyst said.
Why crypto's privacy problem is a total dealbreaker for mainstream users
31 minutes agoBitcoin climbs past $71,000 as oil shock fears continue to ease
1 hour agoCFTC chair highlights wide crypto agenda, including rules on DeFi, prediction markets
1 hour agoVitalik Buterin pushes ‘DVT-Lite’ to make Ethereum validator setup easier
1 hour ago
Solana, XRP ETFs take different paths as crypto investors pile in
1 hour ago
Jito Foundation acquires and revives SolanaFloor following shutdown over $27 million exploit
2 hours agoTop StoriesU.S. requests October retrial for Tornado Cash developer Roman Storm
4 hours ago
A single crypto trader is sitting on a $194 million bet that bitcoin and ether will keep climbing
5 hours ago
Traders snapped up nearly 600,000 BTC as bitcoin dipped below $70,000, blockchain data show
5 hours ago
Anthropic is suing the U.S. government for allegedly blacklisting its AI
3 hours ago
Bhutan sells $42.5 million of bitcoin in 2026 as national stack drops 58% from peak
11 hours ago
