🏛️ The White House accuses big banks of blocking the CLARITY Act!
Crypto adviser Patrick Witt said it was the resistance of major banking institutions that «flared up like a fire» and blocked the adoption of the cryptocurrency law. The main reason for banks’ concerns is a potential outflow of deposits into stablecoins due to their high yields.
It is also noted that Donald Trump was willing to transfer his crypto assets into a blind trust or sell them entirely—described as the strictest ethical restriction in the history of presidents.
👉 Do you think stablecoins really can push out traditional bank deposits?
#CLARITYAct #CryptoNews #Stablecoins #defi #TradFi
Crypto adviser Patrick Witt said it was the resistance of major banking institutions that «flared up like a fire» and blocked the adoption of the cryptocurrency law. The main reason for banks’ concerns is a potential outflow of deposits into stablecoins due to their high yields.
It is also noted that Donald Trump was willing to transfer his crypto assets into a blind trust or sell them entirely—described as the strictest ethical restriction in the history of presidents.
👉 Do you think stablecoins really can push out traditional bank deposits?
#CLARITYAct #CryptoNews #Stablecoins #defi #TradFi
