Fab

[Brian Armstrong @brian_armstrong]

Exactly

[Shanaka Anslem Perera ⚡ @shanaka86]

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.

[Omar @TheOneandOmsy]

Bank of America CEO on why stablecoins shouldn't pay interest:

(TLDR: consumers shouldn't earn yield so banks can)

Quick summary:
Interest on stables -> mass deposit flight
Fully reserved money -> no fractional leverage
Banks lose free funding -> profits go bye bye!

[Peter St Onge, Ph.D. @profstonge]

Stablecoins that pay interest would torpedo fictional reserve banking.

Delivering a world where your deposits are actually backed.

That's why banks are trying to cripple them.

[Tony Edward (Thinking Crypto Podcast) @thinkingcrypto]

JPMorgan Chase offers me 0.01 % in my basic savings account.

@UpholdInc @coinbase offer me over 3% on my stablecoins.

Hmmmm... which one should choose?

Jamie Dimon gets big bonuses and I get breadcrumbs. 🖕Jamie

[Ryan Rasmussen @RasterlyRock]

The current draft of the CLARITY Act is bad for…

- Tokenization
- Stablecoins
- DeFi
- Privacy
- Builders
- Users
- Investors
- Innovation

We’d rather have no bill than a bad bill.

[Dave W @daveweisberger]

SO, lets break this down for @realDonaldTrump

BofA is telling you that over $100 BILLION ANNUALLY* will move from Bank profits to the accounts of the average American saver.

That alone should be enough to push back.

They want you to believe that will decrease business lending, but they IGNORE how global capital flows operate in the modern era. They also IGNORE how tokenization will free up more capital by making the markets more efficient. They IGNORE how community banks COULD, if ALLOWED move to a fee-for-service model that would open up capital for businesses.

In short, they want to stop progress to maintain their profit margins and keep earning their bonuses.

* $6 Trillion at an average interest capture of over 3% is $180 Billion.

[John E Deaton @JohnEDeaton1]

The fact that this issue is even being debated is a disgrace.
In my announcement speech for U.S. Senate, I stated that we must stop engaging in corporate socialism. I believe in free market capitalism. Congress shouldn't be in the business of protecting bank profits by banning stablecoin rewards. If banks are worried about “deposit flight,” they should offer better products, not lobby the Senate to outlaw the competition’s yield.
Consumers deserve the right to choose the best return for their money, whether it's in a digital wallet or a bank vault.

[Dave W @daveweisberger]

With all due respect @SenatorTimScott, you are on the wrong side of TWO key issues:

1) Banks should NOT be subsidized by rules that prevent competition, the result of which, would be MORE money in the pockets of the average American.

YET, this bill does so.

2) Privacy and self sovereignty SHOULD be enshrined as a right and the government should have to PROVE risk to be able to override it. (4th Amendment)

YET, this bill presumes everyone is guilty to allow unlimited surveillance.

[Brian Armstrong @brian_armstrong]

Reminder that @standwithcrypto will be scoring the Senate markup this week

We get to find out which Senators stand for bank profits at the expense of the American people, and which stand for consumer rewards.

You can’t buy marketing this good for crypto products 💙🍿

[Brian Armstrong @brian_armstrong]

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.

There are too many issues, including:

- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition

We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.

We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.

[Boris Cherny @bcherny]

I'm Boris and I created Claude Code. Lots of people have asked how I use Claude Code, so I wanted to show off my setup a bit.

My setup might be surprisingly vanilla! Claude Code works great out of the box, so I personally don't customize it much. There is no one correct way to use Claude Code: we intentionally build it in a way that you can use it, customize it, and hack it however you like. Each person on the Claude Code team uses it very differently.

So, here goes.

[Fab @FxAxBx41]

@RealVision @RaoulGMI @BittelJulien $BTC end-of-year prediction: $85K-$90K. 4-year cycle ending theory may spark profit-taking, plus institutions trimming for tax reasons. Bearish consensus now, but I’m bullish for 2026 with macro tailwinds—max pain downside then a rally could leave many offside. #Bitcoin #Crypto

[Real Vision @RealVision]

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[Real Vision @RealVision]

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[Fab @FxAxBx41]

@RealVision @RaoulGMI

[Real Vision @RealVision]

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[Fab @FxAxBx41]

@RaoulGMI @RealVision @jmakoma @Randillooo

[Raoul Pal @RaoulGMI]

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[Real Vision @RealVision]

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If you’ve been following, you know this intern loves going rogue... 😉