The tension between traditional banking and the cryptocurrency ecosystem in the United States has reached a critical point.
The recent meeting at the White House, under the scrutiny of the Trump administration, made one thing very clear: no one is willing to give up ground easily.
Here I tell you what this "mess" is about and why it should matter to you if you use digital assets.
The conflict: Interests or survival?
🔥 The great debate revolves around the rewards (or interests) generated by stablecoins like USDT or USDC. For crypto platforms, these rewards are a demonstration of financial efficiency. For banks, they represent an "existential threat."
🔥 Traditional banks, represented by giants like the ABA (American Bankers Association), argue that if users can earn returns of 3% to 5% simply by keeping their digital dollars in an exchange, they will stop putting their money in bank savings accounts that offer crumbs. According to them, this would drain the liquidity necessary to give local loans, putting the stability of the system at risk.
🔶 Opposing views
The banking stance: They want to prohibit any third party from paying interest for holding stablecoins. They say crypto companies are using "shortcuts" to bypass the laws that prevent coin issuers from paying direct interest.
The crypto defense: Leaders like the CEO of BitGo and executives from Coinbase assert that prohibiting these incentives is an anticompetitive measure. They warn that if the U.S. imposes too many restrictions, innovation and capital will move to places like Singapore or even benefit China's digital yuan.
🤔 What's next?
The current administration has set a deadline: the end of February. They want a clear regulatory framework before the electoral calendar paralyzes Congress. If there is no agreement, the sector could end up in a legal limbo that would force many companies to look abroad.
For the average user, this is a fight for the return on their money.
And the question is: Will you still be able to earn interest on your digital savings, or will banking win its battle to maintain the traditional model?
Do you think banks are right to protect their model or are they just trying to halt the future?
If you're interested in protecting your finances and staying informed about how these laws will affect your wallet, subscribe to our newsletter or share this post with someone who still has their savings "sleeping" in the bank.
The conversation is heating up, remember to comment on it! 💥
#TrumpEndsShutdown #TrumpProCrypto #USCryptoMarketStructureBill #KevinWarshNominationBullOrBear #TRUMP $BTC $ETH $BNB
Disclaimer ⚠️
The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice.🚫
Investments in cryptocurrencies and decentralized finance (DeFi) carry significant risks, including the potential total loss of the invested capital.⚠️
Always do your own research (DYOR - Do Your Own Research) 🫵🏻