innovationunderattack

🚨 Bank Lobby vs Crypto: The Battle for Control 🚨
The American Bankers Association (ABA) is pushing Congress to ban yield on payment stablecoins and revise open banking rules—all under the banner of “consumer protection” ⚖️.
But let’s be real: this isn’t just protection… it’s a power play. 🏦 By limiting how wallets, apps, and stablecoin issuers access financial data, ABA is trying to tilt the field in favor of banks while stifling innovation in crypto and fintech. 💥
Meanwhile, Congress is stuck ⚠️—debates over stablecoin yields and data access are holding up meaningful crypto legislation, and even giants like Coinbase are pulling back.
The message is clear: traditional banks want to dictate the rules of digital finance. Are we going to let them? 🤔
#Crypto
#Fintech #Stablecoins #OpenBanking #InnovationUnderAttack #FinanceFuture