🚨 JUST IN: U.S. Senate voting on the CLARITY Act has been CANCELLED
Most people have no idea why this really happened.$BTC
Earlier today, Coinbase CEO officially withdrew support for the Crypto Market Structure Bill — and the reasons are telling 👇
🔍 Why the CLARITY Act is a problem:
1️⃣ No yield on stablecoins
The bill would ban stablecoin yields altogether.
Who benefits? Banks.
Even JP Morgan’s CFO admitted that if stablecoins offered yield, banks would face massive deposit outflows.
This law protects banks by killing their biggest competitor.
2️⃣ De facto ban on tokenized equities
The CLARITY Act forces tokenized financial assets under the SEC’s rigid securities framework.
That means:
Centralized control
Heavy compliance
No peer-to-peer or DeFi-style stock tokenization
In short: innovation gets suffocated.
3️⃣ DeFi restrictions
Mandatory AML/KYC, user identification, and transaction monitoring.
This:
Ends anonymity
Breaks permissionless systems
Destroys the core purpose of DeFi
⚠️ Notice the pattern?
Almost everything in the CLARITY Act is written for banks — not for crypto.
Banks don’t want competition.
They don’t want innovation.
They want to protect their monopoly.
Crypto threatens that monopoly.
Big banks know their dominance is fading — and now we’re officially at the
👉 “First they ignore you, then they fight you” stage.
🚀 The fight has started.$ETH
