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🔹 “Banking Cartel In Full Panic Mode”
Senator Bernie Moreno just fired the shot.
The Clarity Act has traditional banks running scared.
🔹 What Moreno said
Big banks used your deposits as their personal savings jar for decades.
They paid you close to zero while lending your money for massive profits and executive bonuses .
Now stablecoins threaten their monopoly and offer you real financial freedom.
Suddenly they run to Congress screaming about economic threats .
🔹 The ABA’s last minute move
The American Bankers Association CEO sent an emergency Sunday letter to every bank CEO in America .
Mother‘s Day. No days off when panic sets in.
The demand: close the “stablecoin loophole“ that allows interest-like rewards on digital dollars .
🔹 Coinbase fired back hard
Paul Grewal, Coinbase Chief Legal Officer:
”Maybe the CEO didn‘t get the message from the people actually in the room at the WH. We‘ve already had ’immediate engagement.‘ You got ’idle yield‘ killed. I know because I was there — you weren‘t.“
”Take yes for an answer. Move on. Stop wasting the time of the Senate and the American people.“
🔹 Thursday is the day
Senate Banking Committee markup set for May 14 at 10:30 AM .
Room 538, Dirksen Senate Office Building.
Live feed available to the public .
🔹 The White House timeline
President Trump wants to sign this into law before July 4 .
The clock is ticking.
🔹 Why banks are terrified
Stablecoins mimic bank accounts without the regulatory costs .
If Americans move deposits into yield-bearing digital dollars, the traditional lending machine loses fuel.
The ABA warned this could threaten ”economic growth and financial stability“ .
Translation: our business model.
🔹 The bottom line
Banks spent decades extracting value from your money.
Now they want Congress to protect their monopoly.
Clarity Act says no.
May 14. Mark the date. Watch the panic.
#ClarityAct #Stablecoins
#CLARITYActHeadedForMarkup
#BitcoinVolatility
#GateSquareMayTradingShare
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