📢 Banks vs Stablecoins in the USA: a new clash in Congress

The largest banks in the USA, represented by associations such as the American Bankers Association (ABA), are calling for urgent changes to the new stablecoin law (GENIUS Act), enacted in July 2025.

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🔎 What “WORRIES” the banks?

1️⃣ Bank disintermediation: consumers could migrate deposits to stablecoins, reducing the banks' credit base.

2️⃣ Loophole for interest payments: even if prohibited by law, issuers could use affiliates or exchanges to offer indirect yields.

3️⃣ Issuance by non-financials: allowing retail companies or big techs to issue stablecoins poses a risk of power concentration.

4️⃣ Risk to the dual banking system: states would lose some control over institutions outside their jurisdiction.

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🏛️ What do banks “WANT”?

• Close the legal loopholes that allow yields on stablecoins.

• Restore state authority over local issuers.

• Prohibit any form of issuance by NON-financial companies.

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⚠️ Why does this matter for our crypto market?

If the banks win this dispute, the space for innovation for stablecoins may become more restricted in the USA.

BUT……., if they lose, we will see direct competition between traditional banks and stablecoin issuers, changing the way money actually circulates in the global financial system.

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📢 FACT: our crypto market is DISRUPTING traditional bankers!!!