Banks vs Coinbase: The Secret Campaign to Ban Stablecoin Yields Forever

Banks have launched a secret ad campaign to kill crypto and Coinbase is their primary target. The independent community Bankers of America group is running aggressive ad campaigns, labeling Coinbase CEO Brian Armstrong as public enemy number one on Wall Street. They are urging senators to side with banks and ban stable coin yields entirely.But why the sudden aggression. Well, according to the bank's own data, stable coins could drain $1.3% trillion from community bank deposits and reduce lending by $850 bil ...