bankingwars
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Banks are trying to corner crypto exchanges — CEO of Kraken.
In the world of financial technologies, a new conflict is brewing: traditional banks are increasing pressure on the crypto industry, striving to maintain their monopoly. Kraken's CEO David Ripley recently sharply criticized the American Bankers Association (ABA), accusing it of attempts to "corner the crypto exchanges." It all started with a statement from ABA's Senior Vice President Brooke Ibarra at the annual conference: she called interest payments on stablecoins on platforms like Kraken and Coinbase "harmful" to banks, undermining their role in supporting communities. According to her, stablecoins are intended only for payments, not for storing value.
BRIAN ARMSTRONG SLAMS BANK LOBBYING: REGULATORY CAPTURE IS REAL!
Coinbase CEO Brian Armstrong is calling out the banking sector for using regulatory capture to crush the stablecoin market. He says legislative hurdles are designed purely to protect weak banks.
• Armstrong demands a level playing field where banks must compete on consumer rewards.
• Why should incumbents be protected from innovation? Consumers deserve higher yields.
• Coinbase pulled support from a key bill due to late-stage "pretty serious issues."
This isn't about safety; it's about banning competition that offers better returns for Americans. Banks are lobbying to stop you from earning more on your money.
#CryptoRegulation #Stablecoins #Coinbase #BankingWars 🔥
Coinbase CEO Brian Armstrong is calling out the banking sector for using regulatory capture to crush the stablecoin market. He says legislative hurdles are designed purely to protect weak banks.
• Armstrong demands a level playing field where banks must compete on consumer rewards.
• Why should incumbents be protected from innovation? Consumers deserve higher yields.
• Coinbase pulled support from a key bill due to late-stage "pretty serious issues."
This isn't about safety; it's about banning competition that offers better returns for Americans. Banks are lobbying to stop you from earning more on your money.
#CryptoRegulation #Stablecoins #Coinbase #BankingWars 🔥
💥🔥 BANKS UNDER FIRE — FINANCIAL WAR INCOMING 🔥💥
🚨 Trump is going straight for the jugular, threatening legal action against JPMorgan Chase over alleged politically driven “debanking” linked to the Jan. 6 aftermath ⚖️💣
This isn’t noise — this is a direct assault on the banking cartel narrative 💥
🏦 JPMorgan denies everything, claiming accounts aren’t closed over political views 🙅♂️📄
But make no mistake… this could become the FIRST REAL COURTROOM BATTLE over:
⚠️ Who gets access to banking
⚠️ Who decides “reputational risk”
⚠️ How much political power banks actually wield
🔥 This is a line-in-the-sand moment:
💳 Financial access vs centralized control
🧨 Politics vs private banking power
👀 Regulation, pressure, and exposure all collide
📉📈 If this escalates, expect shockwaves across TradFi and Crypto alike
Narratives are forming. Risk models are shaking. The spotlight is ON 🔦
💣 This isn’t talk — it’s a warning shot
#BankingWars 🏦🔥 #DebankingExposed ⚖️
#FinancialFreedom 💥 #CryptoNarrative 👀
$FRAX $DUSK $ME
🚨 Trump is going straight for the jugular, threatening legal action against JPMorgan Chase over alleged politically driven “debanking” linked to the Jan. 6 aftermath ⚖️💣
This isn’t noise — this is a direct assault on the banking cartel narrative 💥
🏦 JPMorgan denies everything, claiming accounts aren’t closed over political views 🙅♂️📄
But make no mistake… this could become the FIRST REAL COURTROOM BATTLE over:
⚠️ Who gets access to banking
⚠️ Who decides “reputational risk”
⚠️ How much political power banks actually wield
🔥 This is a line-in-the-sand moment:
💳 Financial access vs centralized control
🧨 Politics vs private banking power
👀 Regulation, pressure, and exposure all collide
📉📈 If this escalates, expect shockwaves across TradFi and Crypto alike
Narratives are forming. Risk models are shaking. The spotlight is ON 🔦
💣 This isn’t talk — it’s a warning shot
#BankingWars 🏦🔥 #DebankingExposed ⚖️
#FinancialFreedom 💥 #CryptoNarrative 👀
$FRAX $DUSK $ME
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