I don't want yield from some defi lending protocol. I want yield from good ole boring treasuries with a major financial institution I can sue if something goes wrong

No one gets hurt mode by a CBDC than tradfi. That would more or less eliminate the need to have a bank account

then why did dems vote against stablecoin issuers being able to do exactly what you described in this post? tldr; it would threaten bank deposits by offering yield that banks otherwise pocket since customers don’t know any better. with regards to CBDCs eliminating bank accounts, that’s an interesting way to frame it though I think we are still a long way from fed-issued stables on a private permissioned chain replacing everything that banks take care of. not the future that I want personally but interesting to imagine.

Not sure what you're referring to in terms of what the dems voted against. Do you mean the ones who voted against GENIUS? If so, I think that was because they wanted to include a provision that said the president couldn't start his own stablecoin (which is reasonable)

I want *treasury* yields though