Why banks don't want to pass clarity act?

Banks aren’t scared of crypto they’re scared of losing control over how your money gets used.

The debate around the Clarity Act is really exposing that tension: incumbents defending a system where deposits earn pennies, while everything else gets leveraged for profit behind the scenes.

Stablecoins are forcing a reset by making value movement faster, more transparent, and harder to gatekeep.

Now the real question isn’t regulation vs innovation it’s who gets to define financial access in the next era.