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BANKS TARGET INTEREST-PAYING STABLECOINS IN CLARITY ACT $澁漉äșș生

JPMorgan CFO says stablecoins that pay interest are “obviously dangerous and undesirable.” $DASH

The Senate Banking Committee has filed 130+ amendments to the crypto market structure draft ; including proposals under the CLARITY Act to ban stablecoin yield entirely and block public officials from profiting from crypto.

Coinbase CEO Brian Armstrong said it best banks are simply trying to block competition. Resistance is futile; banks will eventually be forced to operate on blockchain rails, not fight them.

Just like Uber was a danger to taxis. Just like Airbnb was a danger to hotels. Blockchain is a disruptive technology.