Stablecoins are the highest utility form of money ever invented, yet banks are so terrified of losing customers that they’ve successfully lobbied to ban passive rewards on them. The Clarity Act compromise effectively protects traditional savings accounts by stopping you from earning interest on stablecoin holdings, even as the industry prepares for a massive 60% upside. Why should banks be allowed to stifle your earnings just to stay relevant? Is this protectionism or fair play?
This summary was generated by AI
1