🔥Coinbase CEO argues that traditional banks lobbied against the CLARITY Act to block crypto competition and avoid paying higher yields on customer deposits.💥 $ONE $ZAMA $COINB
CEO Brian Armstrong alleged that traditional banks pushed hard to kill the bill, which would boost crypto‑firm transparency.
He highlighted that the bill would have allowed crypto companies to offer much faster, cheaper, and more efficient financial services—including tokenized equities and stablecoin yields—that threaten Wall Street’s legacy business models.
CEO Brian Armstrong alleged that traditional banks pushed hard to kill the bill, which would boost crypto‑firm transparency.
He highlighted that the bill would have allowed crypto companies to offer much faster, cheaper, and more efficient financial services—including tokenized equities and stablecoin yields—that threaten Wall Street’s legacy business models.
