#WEFDavos2026
Is there a point of agreement between banks and cryptocurrencies?.$BTC
For the moment, the CLARITY proposal remains stalled after facing a new rejection in Congress. This situation reflects the pressure exerted by the banking sector to limit the ability of the crypto ecosystem to compete on equal terms.
The central axis of the debate revolves around the possibility that stablecoin issuers offer yields. From the crypto perspective, this is a natural step towards a more efficient, profitable, and secure financial system for users. For banks, however, the issue is seen as a direct threat to their business model.
Banking entities are subject to strict regulations that require them to offer very low yields on deposits. At the same time, crypto platforms and exchanges can offer significantly higher returns, which is much more attractive to customers.
In simple terms, if the regulations enable rewards on stablecoins, a significant portion of deposits could migrate from banks to the crypto ecosystem, jeopardizing the stability of the traditional banking system.
From the crypto sector, the reading is the opposite. It is argued that banks seek to preserve inefficient structures at the expense of users, and that by stifling a more competitive sector like blockchain, innovation is limited and savers are harmed.
According to Sacks, this tension will not be resolved with winners and losers, but through convergence. From this integration, a more robust, efficient digital finance system aligned with the needs of 21st-century users would emerge.