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#عاجل🚨🚨🚨 : Banks Target Stablecoins That Pay Interest Under the Clear Law
J.P. Morgan's CFO says that interest-paying stablecoins are "dangerous and clearly undesirable."
The Senate Banking Committee has proposed over 130 amendments to the draft cryptocurrency market structure; including proposals under the Clear Law to ban stablecoin yields entirely and prevent government officials from profiting from cryptocurrencies.
Bryan Armstrong said: Banks are simply trying to prevent competition. Resistance is futile; banks will eventually be forced to work on blockchain technology, not fight it.