🚨 BANKS JUST DECLARED WAR ON STABLECOINS 🚨
And most crypto users don’t see it yet 😶🌫️
The U.S. banking lobby just made its move — and it directly targets stablecoin yield and open banking.
Let’s break it down: 🧵👇
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🏦 1. What Banks Want
The American Bankers Association is pushing Congress to:
❌ Ban yield on payment stablecoins
❌ Tighten open-banking data access
Their reason?
👉 “Consumer protection”
👉 “Fair competition”
Crypto calls it something else… 👀
⸻
⚔️ 2. Why Crypto’s Pushing Back
Critics say this would:
• Lock users inside banks 🔒
• Hurt wallets, apps & stablecoin issuers
• Kill innovation around digital dollars
Translation:
👉 Protect banks, not users
⸻
🧱 3. Policy Gridlock Incoming
• Senate already stuck on crypto market structure bill
• Stablecoin yield + data access = major sticking points
• Coinbase pulled support → momentum stalled ❌
Regulation drama just slowed everything down.
⸻
🧠 4. Why This Matters
Stablecoin yield = competition with bank deposits
Open banking = user choice & portability
Limit both, and:
👉 Banks stay dominant
👉 Crypto loses one of its biggest advantages
⸻
💡 Bottom Line
This isn’t about safety.
It’s about control.
Stablecoins paying yield threaten banks.
Open data threatens gatekeepers.
And now the lobby wants both gone. 👀
⸻
If you want to stay ahead of regulatory moves before they hit price…
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