Keine Kompromisse bei der Stablecoin-Rendite, da Banken ein vollständiges Verbot vorantreiben und die Verhandlungen zum CLARITY Act ins Stocken geraten
https://dailycryptobriefs.com/news/white-house-stablecoin-yield-ban-clarity-act-impasse/
Keine Kompromisse bei der Stablecoin-Rendite, da Banken ein vollständiges Verbot vorantreiben und die Verhandlungen zum CLARITY Act ins Stocken geraten
https://dailycryptobriefs.com/news/white-house-stablecoin-yield-ban-clarity-act-impasse/
12 Kommentare
tldr; A White House meeting between banks and crypto firms failed to reach a compromise on stablecoin yield, stalling progress on the CLARITY Act. Banks, including JPMorgan and Goldman Sachs, pushed for a total ban on stablecoin rewards, arguing they could destabilize traditional banking by pulling deposits. Crypto firms countered that such a ban would stifle innovation. The unresolved dispute over stablecoin incentives remains a key obstacle to advancing the legislation, with a deadline for draft language set for late February or March 1.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Kodak didn’t want to move forward with the digital camera either.
No surprises there. Bankers gonna bank.
So we just roll with defi stable coin lending through exchanges?
> Banks cite deposit flight risk from yield-bearing stablecoins
Translation…nooooo not our precious money, we neeeeed the moneies
The banks are trying to keep crypto the less attractive option ….remember that the entire fiat monetary system depends on deposits to banks….if people can get 6 percent in crypto then they don’t need to put their money into the banks which the banks then lend out 10x on top of
Super fucking weird that in a country that touts free market economics banks can just be like “nah, we are worried people will think someone else’s product is superior and customers will leave.”
…and it seems to work
So instead of actually giving the people a hand up, they give us the finger. Nice banks, hope you understand why people hate you and why once there is a crypto bank, I am 10000% out of whatever bullshit Ponzi scheme you guys are playing with the worlds wealth.
From the perspective of a bank, a CEX is essentially asking for the right to use stablecoins as bait to get people into the „Casino.“ Once the money is there, it’s only a matter of time before it’s gambled The banks are winning this argument because they have a 100-year track record of managing systemic risk. The CEXs are losing because their track record is built on the backs of retail investors chasing „pictures of animal cartoons.“ on the next viral „shitcoin“.
But I thought the last headline said it was Coinbase’s fault?!?
It’s kind of like saying paying interest on bonds are illegal it’s dangerous?
Fuck you democrats