"Crypto Regulation" or Protecting Bank Monopolies? The Truth Revealed Today.
The US Senate cancels the Clarity Act vote
And the real reason is more serious than you think 👇
Today, the CEO of Coinbase officially announced their rejection of the crypto market restructuring bill.
Why? Here are the 3 reasons:
1- Banning returns on stablecoins 💰
The law prohibits any returns for stablecoin holders.
The only beneficiary? Banks... because it kills their competitors.
Even the CFO of JP Morgan admitted: "If we allow returns on stablecoins, we will witness a mass exodus from banks."
2- A de facto ban on tokenized shares 📊
The law forces "tokenized financial instruments" under the SEC's strict framework.
The result? Stifling innovation by imposing centralized compliance oversight and prohibiting peer-to-peer tokenization or decentralized finance.
3- Restrictions that Destroy Decentralized Finance
The law mandates AML/KYC, which effectively bans anonymous and decentralized DeFi.
It also requires user identification and transaction monitoring.
This completely undermines the core purpose of Decentralized Finance.
If you examine all these points closely, you'll notice a common thread:
Most provisions of the Clarity Act are written to benefit the traditional banking industry... not crypto.
Banks don't want to lose their monopoly, so they're trying to stifle innovation in crypto.
The major banks know their days are numbered, and now they've reached the point of "then they'll fight you."
