Mig's Controversial Remarks: Banks' Ban on Interest Payment Exposes Fear! The Crypto Revolution Will Crush Traditional Finance!

As traditional banking giants begin to 'flip the table' over stablecoin regulations, this financial war concerning the flow of trillions of dollars has entered deep waters.

The recent regulatory rule revision demands initiated by the U.S. banking industry are essentially a strategic counterattack in the defense of deposits.

According to the current provisions of the 'Genius Act', banks are allowed to issue stablecoins but are prohibited from paying interest, while crypto trading platforms may exploit loopholes like staking rewards to indirectly pay yields—this asymmetric regulation is triggering collective anxiety in the banking sector.

Taking JPMorgan Chase as an example, if its issued JPM Coin cannot provide interest attractiveness, it is highly likely to lose customer funds to MakerDAO's Dai savings rate (currently annualized at 3.33%) or Circle's institutional-level services.

Behind this phenomenon of 'regulatory arbitrage' lies the inevitable collision between traditional finance and the crypto ecosystem in the battle for account systems.

Interestingly, banks are resisting interest payment clauses while simultaneously accelerating their layout of stablecoins—including Citibank's 'digital asset receiver' and Wells Fargo's blockchain settlement network—reflecting a complex mentality where institutions want to seize the track while attempting to curb DeFi competition.

This contradiction had already shown signs during the Federal Reserve's stress test in August 2023: banks were required to assess the risks of 'bankruptcy of cryptocurrency-related entities', yet now they have become the main characters in the game of rules.

As Wall Street giants begin to use lobbying weapons against a code-based financial new order, we can't help but ask: will this regulatory tug-of-war become a turning point for traditional banks to embrace DeFi as a catalyst? #币安Alpha上新

Want to make money in the crypto space? Just follow Mig! Market trends, strategies, potential coins, one-stop solution! Click on the avatar and follow now!