🚨 BANKS JUST DECLARED WAR ON STABLECOINS 🚨

And most crypto users don’t see it yet 😶‍🌫️

The U.S. banking lobby just made its move — and it directly targets stablecoin yield and open banking.

Let’s break it down: 🧵👇

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🏦 1. What Banks Want

The American Bankers Association is pushing Congress to:

❌ Ban yield on payment stablecoins

❌ Tighten open-banking data access

Their reason?

👉 “Consumer protection”

👉 “Fair competition”

Crypto calls it something else… 👀

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⚔️ 2. Why Crypto’s Pushing Back

Critics say this would:

• Lock users inside banks 🔒

• Hurt wallets, apps & stablecoin issuers

• Kill innovation around digital dollars

Translation:

👉 Protect banks, not users

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🧱 3. Policy Gridlock Incoming

• Senate already stuck on crypto market structure bill

• Stablecoin yield + data access = major sticking points

• Coinbase pulled support → momentum stalled ❌

Regulation drama just slowed everything down.

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🧠 4. Why This Matters

Stablecoin yield = competition with bank deposits

Open banking = user choice & portability

Limit both, and:

👉 Banks stay dominant

👉 Crypto loses one of its biggest advantages

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💡 Bottom Line

This isn’t about safety.

It’s about control.

Stablecoins paying yield threaten banks.

Open data threatens gatekeepers.

And now the lobby wants both gone. 👀

⸻

If you want to stay ahead of regulatory moves before they hit price…

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