Banks are lobbying to kill crypto rewards to protect a hidden $1,400 “tax” on every household
Banks are fighting stablecoin rewards to protect a secret $360 billion revenue machine. When Coinbase chief policy officer Faryar Shirzad posted a thread on Jan. 8 warning that stablecoin rewards “remain under debate” as Congress marks up market structure legislation, he attached numbers that banking groups would rather keep quiet. US banks earn $176 billion...
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