🏛️ WHITE HOUSE STALEMATE: #Banks vs. Stablecoins 🛑
A major "closed-door" meeting at the White House just ended without a deal, and the stakes for #Crypto couldn't be higher. 🏦📉
The Conflict:
🏦 Banks Demand Limits: Traditional banks are pushing for strict caps on stablecoin yields, fearing a massive "deposit drain" as people move cash into crypto for better returns. 💸
🛡️ Crypto Fights Back: Industry giants (Coinbase, Circle, Ripple) argue that yields are essential for competition and innovation.
⚖️ The Sticking Point: This deadlock is currently stalling the CLARITY Act, the bill meant to give crypto its "rules of the road" in the U.S.
Why it matters: 💡 If the White House forces stablecoins to act like low-interest bank accounts, it could blunt one of the strongest use cases for digital dollars. If crypto wins, we could see a massive shift in global liquidity.
The White House has given both sides until the end of February to find a compromise. ⏳
Should stablecoins be allowed to offer high yields, or do banks have a point about "financial stability"? 👇
