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Crypto shouldn’t “die on the hill” of stable
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Crypto shouldn’t “die on the hill” of stable
Crypto shouldn’t “die on the hill” of stablecoin yield, Rick Edelman says
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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.
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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.
Media Network Interviewbtc priceRic edelman
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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