tldr; U.S. crypto legislation is stalled due to disagreements over stablecoin yield distribution. Banks argue that allowing stablecoin rewards could threaten deposits and lending, while crypto advocates push for consumer-friendly rules to share yield benefits. The debate highlights tensions between traditional banking and crypto innovation. The Senate Banking Committee has delayed progress on the CLARITY Act, and prolonged ambiguity risks driving stablecoin activity to jurisdictions with clearer regulations, potentially weakening U.S. oversight and influence in global dollar rails.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
everyone is too busy with the Epstein shit going on
aaj094 on
Can someone explain why banks or Coinbase can stall any bill? It’s whatever the lawmakers want, no? How do these private entities get some kind of veto?
Sea-Highlight-5815 on
I’ll never understand why banks even have a seat at the table.
Known_Click on
This bill not going to pass otherwise it would have been already priced in… instead we are dumping non-stop.
wmrsion on
Banks are not elected officials, how lobbyists are not classified as bribery criminals is just insane.
Politicians are elected by the people to represent the citizen’s best interest. Nobody elected banks to shape laws for the country.
This is a free market economy and competition benefits the consumer.
btcpsycho on
Pepe wtf iykik
GimpyPlayerOne on
I’m shocked 🫢,lol. Not again again
BiggusDickus- on
This is the tip of the iceberg folks. Crypto is rendering traditional banking obsolete, and the bankers know it.
Sudden-Ad-1217 on
Money is what the Fed tells the banks they have. I have no idea why they think they matter.
Time_after_Time_67 on
Stablecoins have yields RIGHT NOW. All we have to do is NOT pass this bill and it fucks the banks.
chatfarm on
Good. Don’t care about stable coins. They’re not crypto. Just some private block chain where instead of some bank some crypto bro controls everything. Just trading one billionaire overlord over another
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tldr; U.S. crypto legislation is stalled due to disagreements over stablecoin yield distribution. Banks argue that allowing stablecoin rewards could threaten deposits and lending, while crypto advocates push for consumer-friendly rules to share yield benefits. The debate highlights tensions between traditional banking and crypto innovation. The Senate Banking Committee has delayed progress on the CLARITY Act, and prolonged ambiguity risks driving stablecoin activity to jurisdictions with clearer regulations, potentially weakening U.S. oversight and influence in global dollar rails.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
everyone is too busy with the Epstein shit going on
Can someone explain why banks or Coinbase can stall any bill? It’s whatever the lawmakers want, no? How do these private entities get some kind of veto?
I’ll never understand why banks even have a seat at the table.
This bill not going to pass otherwise it would have been already priced in… instead we are dumping non-stop.
Banks are not elected officials, how lobbyists are not classified as bribery criminals is just insane.
Politicians are elected by the people to represent the citizen’s best interest. Nobody elected banks to shape laws for the country.
This is a free market economy and competition benefits the consumer.
Pepe wtf iykik
I’m shocked 🫢,lol. Not again again
This is the tip of the iceberg folks. Crypto is rendering traditional banking obsolete, and the bankers know it.
Money is what the Fed tells the banks they have. I have no idea why they think they matter.
Stablecoins have yields RIGHT NOW. All we have to do is NOT pass this bill and it fucks the banks.
Good. Don’t care about stable coins. They’re not crypto. Just some private block chain where instead of some bank some crypto bro controls everything. Just trading one billionaire overlord over another