Banks Are the Enemy? Deaton Backs Armstrong’s Clash with Wall Street
- Armstrong warns banks want to ban stablecoin rewards to protect their deposit monopoly today
- Treasury warns $6.6T could shift to stablecoins if rewards remain legal under the GENIUS Act
- Deaton calls banks “enemies of the people” over bailouts and new anti-crypto lobbying efforts
Coinbase CEO Brian Armstrong stood before lawmakers on Capitol Hill and accused Wall Street banks of trying to kill stablecoin rewards. He framed the fight as a matter of consumer choice, arguing that rewards give people more freedom while banks seek to preserve their deposit monopoly.
Read The Full Article Banks Are the Enemy? Deaton Backs Armstrong’s Clash with Wall Street On Coin Edition.
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Banks Are the Enemy? Deaton Backs Armstrong’s Clash with Wall Street
- Armstrong warns banks want to ban stablecoin rewards to protect their deposit monopoly today
- Treasury warns $6.6T could shift to stablecoins if rewards remain legal under the GENIUS Act
- Deaton calls banks “enemies of the people” over bailouts and new anti-crypto lobbying efforts
Coinbase CEO Brian Armstrong stood before lawmakers on Capitol Hill and accused Wall Street banks of trying to kill stablecoin rewards. He framed the fight as a matter of consumer choice, arguing that rewards give people more freedom while banks seek to preserve their deposit monopoly.
Read The Full Article Banks Are the Enemy? Deaton Backs Armstrong’s Clash with Wall Street On Coin Edition.
Read More
Tether Adds Over 8,800 Bitcoin Worth $1 Billion, Boosting Treasury Holdings