đš WHY THE CRYPTO MARKET STRUCTURE BILL GOT DELAYED
Hint: Itâs not about protecting investors. Itâs about protecting banks.
Letâs break it down simply đ
Banks donât want real competition.
DeFi and stablecoins threaten their core business.
Even JPMorganâs CFO admitted it:
đ If stablecoins offer yield, money leaves banks.
That one line explains everything.
Brian Armstrong (Coinbase):
âNo bill is better than a bad bill.â
Not because regulation is bad â
but because this bill protects banks, not innovation.
Hereâs what the bill actually does:
đ§š 1. Tokenized stocks = almost banned
One of blockchainâs biggest real-world use cases? Killed in the US.
đ§š 2. DeFi treated like banks
Mass reporting, user data access, no privacy.
DeFi stops being DeFi.
đ§š 3. SEC gains power, CFTC gets sidelined
More centralization. More uncertainty. Slower innovation.
đ§š 4. Stablecoin yield likely banned
Why?
Because yield pulls deposits away from banks.
Now connect the dots:
âą DeFi gets controlled
âą Stablecoins lose yield
âą Tokenization gets blocked
âą Banks face less competition
đ This bill doesnât fix crypto.
đŠ It protects banks.
Thatâs why it stalled.
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