The $6.6 Trillion Secret That KILLED The Clarity Act
Coin Bureau·2026-01-30 16:01
The Clarity Act didn't fail because of regulatory disagreements—it died because banks are terrified of a $6.6 trillion deposit exodus. Your savings account pays 0.07% while banks invest your money in Treasuries earning 3.6%, pocketing the 3.5% spread. Stablecoins were about to expose this by passing actual yields to holders, so the banking lobby killed the bill with a provision banning stablecoin interest. Coinbase CEO Brian Armstrong called it a "kill switch" and withdrew support, collapsing the entire bil ...