Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savingsโwhile trying to block any rewards or perks from being given to customers.
These banks, and others, pay rock-bottom rates on standard savings (often 0.01%โ0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.
Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4โ5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying โfairnessโ and using words like "stability"โwhen it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.
Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they โpayโ you!
Fortunately, the big banks are losing this fight as customers wake up to the gamesโฆ
@worldlibertyfi
๐ XRP Exchange Reserves on Binance
Reserves just dropped to 2.74B XRP, one of the lowest levels in over a year.
๐ People are taking their XRP off exchanges to hold it.
Smart money accumulates quietly.
The next liquidity shock might not be on the chart yet. ๐
Do not hesitate to repost โป๏ธ
@CoffeeAndChaos0 I read something the other day that said trade bots owned by someone disguised as whales, are flooding the market to keep prices low for some reason.