@Cryptoinsightuk Doesn’t make sense to me that they would give retail a good news catalyst at a potential bottom? Just thinking outload hear, to me makes sense if we get a relief rally before this passes and let retail buy a local top only to sweep the bottoms once more? I’m divided on this.
53 banking associations just wrote themselves a $6.6 trillion protection bill.
They called it the CLARITY Act.
Here is what they do not want you to understand.
Banks pay depositors 0.1% interest. Stablecoin issuers hold Treasury bills earning 4.5%. If stablecoins could pass that yield to users, banks lose the deposit war. They cannot compete. The math is fatal.
So they made competition illegal.
The Kansas City Fed calculated what happens if stablecoins pay competitive rates. Banks lose 25.9% of deposits. $1.5 trillion in lending capacity vanishes. The entire community banking model collapses.
Their solution was not innovation. Their solution was legislation.
The CLARITY Act everyone is celebrating contains Section 404 prohibiting yield payments through any mechanism. Not just from issuers. From exchanges. From affiliates. From partners. Every single pathway to competitive returns, closed by statute.
Brian Armstrong reviewed the 278-page draft for 48 hours. He withdrew Coinbase support at 11pm. The markup was postponed by morning. He saw what Wall Street analysts missed entirely.
This is not crypto regulation.
This is Dodd-Frank for digital assets. Incumbents writing rules that crush competitors. Regulatory capture so brazen they published the lobbying letters on their own websites.
The American Bankers Association. 52 state banking associations. The Community Bankers Council. All coordinating to eliminate an industry they cannot beat in open markets.
Meanwhile China made e-CNY interest-bearing on December 29.
America is banning stablecoin yield while Beijing is paying it.
The crypto industry spent years begging for regulatory clarity.
They got it.
Clarity that $6.6 trillion in deposits will be protected at any cost. Clarity that banks write the rules. Clarity that if you cannot win in markets, you win in Congress.
This is the largest regulatory capture event in American financial history.
And it is being sold as innovation policy.
🚨 Warning: a friend just received a letter in the mail from hackers pretending to be from Ledger.
You scan the QR code and give them access to your device. Be careful!!!
Ledger will not send you something like this.
@Morecryptoonl Thanks for covering XLM!!! It’s tied by the hip to XRP with movement just moves in higher percentages both ways when it does. Seems like the next move up should offer higher ROI than XRP. At least that’s what the data I’ve researched says.
@Cryptoinsightuk I would love to know what liquidity indicator your using @Cryptoinsightuk ?!?! Love your YouTube vids and thoughts on the market, much appreciated sir 🍻🍻🍻
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