In a war that is currently raging

and most people are unaware of ⚠️

A war between American banks

and crypto companies

Today, there were talks at the White House between the two sides to reach an agreement on stablecoin returns

They have not reached an agreement yet, and banks have imposed stricter restrictions than before

Banks are seeking to ban stablecoin yields on platforms within the US and completely destroy the DEFI sector because it threatens US banks and withdraws trillions of dollars in deposits from them.

US banks offer modest yields.

Crypto platforms offer around 10%.

This is disastrous for banks. Banks will likely prevail in the end because they have absolute and terrifying influence, and this will certainly hit the entire DEFI sector because most of the market liquidity comes from the US market.

Therefore, the price of Bitcoin today was directly affected when they announced that no agreement had been reached.