The $6.6 Trillion Secret That KILLED The Clarity Act

The Clarity Act didn’t fail because of regulatory disagreementsβ€”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 bill.

The irony? “Authoritarian” China just started paying interest on the digital yuan, while “free market” America bans yield to protect legacy banks. Brian Moynihan warned 35% of bank deposits could flee to crypto, but the technology has already won. The only question is how much damage banks will do fighting it. This is the story of the $6.6 trillion secret.

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~ TIMESTAMPS ~

0:00 Intro – The $6.6 Trillion Secret Behind the Clarity Act Collapse
1:32 What the Clarity Act Was Meant to Fix in Crypto Regulation
2:17 The Hidden Clause That Banned Stablecoin Yield
3:08 Why Banks Pay You 0% and Keep the Treasury Profits
5:20 The $6.6 Trillion Deposit Flight That Terrified U.S. Banks
8:49 Coinbase Pulls Support and the Bill Falls Apart
10:29 China’s Digital Yuan Pays Interest While the U.S. Bans Yield

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#bitcoin #clarityact #donaldtrump

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