John Sterling is as much a part of the fabric of the New York Yankees organization as any player. It was an honor to have him call every one of my games during my career and an absolute pleasure to get to know him on a personal basis. My thoughts and prayers are with his family and friends. He will be deeply missed.
Photo credit: Charles Wenzelberg/New York Post
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.
Paul Skenes has reportedly been telling his Pirates teammates that he wants to play for the Yankees, per Randy Miller😳
“Trust me, he wants to play for the Yankees,” the Skenes teammate said. “I’ve heard him say it multiple times.”
WOW.
#Yankees
Altcoin Season is coming
As September approaches, the transition to a full-scale altcoin season is likely.
Our positive 3Q25 outlook stems from macro trends such as potential Fed rate cuts and expected regulatory advancements.
More key themes in this Monthly Outlook report ↓
$ANDY is a layup here. As a matter of fact every member of the Boys Club is a layup here... (Pepe, Brett, Andy, Wolf).
- Huge support below (POC) with clear bullish structural shift from the Q2 lows.
- BTC.D moving down while BTCUSD moving higher
- ETH giga chadding
Free money.
@andycoinonerc | @pepecoineth | @Wolf0x67 |@BasedBrett