„However, Novogratz stated that banks are extremely worried that the high stablecoin yield will affect their operations by reducing their profit margins.“
Banks fucking it all up cause they are worried thy won’t be able to fleece the public if it passed in it’s original form.
coinfeeds-bot on
tldr; The White House has threatened to withdraw support for the Clarity Act if Coinbase does not provide a solution to the current impasse on stablecoin yield. Coinbase CEO Brian Armstrong has accused traditional banks of undermining President Trump’s crypto agenda. The delayed Senate markup for the Clarity Act has caused division in the crypto community, with the White House expressing disappointment in Coinbase’s actions. The bipartisan efforts to pass the Clarity Act aim to ensure consumer protection and strengthen the financial system.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
uncapchad on
Submit! Bend to the banker swill, or else! I seem to recall that cryptocurrencies, were so not about that.
DryMyBottom on
no shit xD
uthillygooth on
Surprise surprise
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Who would have thought
Pretty much all you need to know is the last bit:
„However, Novogratz stated that banks are extremely worried that the high stablecoin yield will affect their operations by reducing their profit margins.“
Banks fucking it all up cause they are worried thy won’t be able to fleece the public if it passed in it’s original form.
tldr; The White House has threatened to withdraw support for the Clarity Act if Coinbase does not provide a solution to the current impasse on stablecoin yield. Coinbase CEO Brian Armstrong has accused traditional banks of undermining President Trump’s crypto agenda. The delayed Senate markup for the Clarity Act has caused division in the crypto community, with the White House expressing disappointment in Coinbase’s actions. The bipartisan efforts to pass the Clarity Act aim to ensure consumer protection and strengthen the financial system.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Submit! Bend to the banker swill, or else! I seem to recall that cryptocurrencies, were so not about that.
no shit xD
Surprise surprise