🚨 The White House calls "Emergency Summit" Banks vs. Crypto
The Trump administration has called for a high-level meeting to break the legislative deadlock that paralyzes the sector. Two historical rivals will sit at the table: High Executives from Wall Street and Leaders from the Crypto Industry.
⚔️ The Conflict: The "War for Yields"
The bill is stalled in the Senate due to a critical dispute over Stablecoins:
🏦 The Banking Sector: Demands to prohibit crypto platforms from paying interest (yield) on stablecoins, fearing a massive flight of bank deposits to the digital ecosystem.
🪙 The Crypto Sector: Led by figures like Brian Armstrong (Coinbase), argues that banning yields kills innovation and unfairly protects banks.
📉 Why now?
Coinbase withdrew its support for the current draft last week, forcing the Banking Committee to postpone the vote. The White House intervenes now because President Trump wants to sign the law "very soon" to fulfill his promise of making the U.S. the global crypto capital.
🚀 Market Impact
If they reach an agreement on stablecoin interest on Monday, the CLARITY Act could be approved in weeks, opening the floodgates to the massive institutional investment that has been waiting for clear rules.
Do you think the banks will manage to ban crypto yields, or will innovation win? I read you in the comments. 👇
