🚨 WHY THE CRYPTO MARKET STRUCTURE BILL GOT DELAYED
Hint: It’s not about protecting investors. It’s about protecting banks.
Let’s break it down simply 👇
Banks don’t want real competition.
DeFi and stablecoins threaten their core business.
Even JPMorgan’s CFO admitted it:
👉 If stablecoins offer yield, money leaves banks.
That one line explains everything.
Brian Armstrong (Coinbase):
“No bill is better than a bad bill.”
Not because regulation is bad —
but because this bill protects banks, not innovation.
Here’s what the bill actually does:
🧨 1. Tokenized stocks = almost banned
One of blockchain’s biggest real-world use cases? Killed in the US.
🧨 2. DeFi treated like banks
Mass reporting, user data access, no privacy.
DeFi stops being DeFi.
🧨 3. SEC gains power, CFTC gets sidelined
More centralization. More uncertainty. Slower innovation.
🧨 4. Stablecoin yield likely banned
Why?
Because yield pulls deposits away from banks.
Now connect the dots:
• DeFi gets controlled
• Stablecoins lose yield
• Tokenization gets blocked
• Banks face less competition
📉 This bill doesn’t fix crypto.
🏦 It protects banks.
That’s why it stalled.
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