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Hey everyone. Let's break down some hot news that clearly shows what the fight between traditional finance and the crypto industry over our financial future actually looks like.
Coinbase CEO Brian Armstrong issued a sharp warning. He called the potential revival of discussions around the GENIUS Act—one of the stablecoin bills—a "red line." His main point: this isn't about security; it's a lobbying attack by banks on their competitors.
What's the Core Conflict?
Currently, the law in question prohibits stablecoin issuers (like companies issuing USDC) from paying interest to holders directly. But there's a workaround: crypto platforms (like Coinbase) or other third parties can do this through various rewards programs.
The banks don't like this. Why? It's simple:
Banks take public deposits, park some reserves at the Fed earning ~4%, but pay customers close to 0% on traditional savings accounts.Crypto platforms, using stablecoins, can afford to share some of that yield with users by offering these "rewards."
As noted by Max Avery of Digital Ascension Group, banks are lobbying—under the guise of "safety" and "protecting deposits"—for amendments that would ban any rewards for stablecoins, even those offered through platforms. In other words, they want to completely strip the industry of this competitive advantage.
Armstrong's Stance: This is a War for the Future of Finance
Armstrong doesn't mince words:
He is "impressed" by the audacity of bank lobbying so openly trying to stifle competition through Congress.He believes this is an attack not just on stablecoins, but on the entire fintech industry.He gives an interesting prediction: in a few years, the banks themselves will lobby for the ability to pay interest on stablecoins once they understand the potential. So, their current fight is a "100% waste of effort."
The Regulatory Paradox
The irony is that while one group of lawmakers (under bank pressure) tries to restrict stablecoins, another group is proposing tax breaks for them. Recently, a group of congressmen introduced a discussion draft to exempt small, everyday stablecoin payments (up to $200) from capital gains tax. The goal is to encourage their use as real payment methods.
So, a real battle of ideas is underway in Washington: some see stablecoins as a threat, others see them as a tool for innovation and financial inclusion.
Question for you:
Who do you think will ultimately win this fight: banking lobbyists striving to maintain the status quo, or the crypto industry offering people a real alternative and yield? And are traditional institutions ready to adapt, as Armstrong predicts?
#Stablecoins #coinbase #CoinbaseCEO

👋 Hey dear friends!!
Let's break down some hot news that clearly shows what the fight between traditional finance and the crypto industry over our financial future actually looks like.
👉 Coinbase CEO Brian Armstrong issued a sharp warning. He called the potential revival of discussions around the GENIUS Act, one of the stablecoin bills,a "red line."
His main point: this isn't about security; it's a lobbying attack by banks on their competitors. 😏🔥
👉What's the Core Conflict?
Currently, the law in question prohibits stablecoin issuers (like companies issuing USDC) from paying interest to holders directly. But there's a workaround: crypto platforms (like Coinbase) or other third parties can do this through various rewards programs.
👉The banks don't like this. Why? It's simple:
Banks take public deposits, park some reserves at the Fed earning ~4%, but pay customers close to 0% on traditional savings accounts.
Crypto platforms, using stablecoins, can afford to share some of that yield with users by offering these "rewards."
📝 As noted by Max Avery of Digital Ascension Group, banks are lobbying, under the guise of "safety" and "protecting deposits", for amendments that would ban any rewards for stablecoins, even those offered through platforms. In other words, they want to completely strip the industry of this competitive advantage.
👉💥 Armstrong's Stance: This is a War for the Future of Finance
Armstrong doesn't mince words:
⬇️
He is "impressed" by the audacity of bank lobbying so openly trying to stifle competition through Congress.He believes this is an attack not just on stablecoins, but on the entire fintech industry.He gives an interesting prediction: in a few years, the banks themselves will lobby for the ability to pay interest on stablecoins once they understand the potential. So, their current fight is a "100% waste of effort."
👉 The Regulatory Paradox:
The irony is that while one group of lawmakers (under bank pressure) tries to restrict stablecoins, another group is proposing tax breaks for them. Recently, a group of congressmen introduced a discussion draft to exempt small, everyday stablecoin payments (up to $200) from capital gains tax. The goal is to encourage their use as real payment methods.
👉 So, a real battle of ideas is underway in Washington: some see stablecoins as a threat, others see them as a tool for innovation and financial inclusion. 🤷
➡️ Question for you❓
Who do you think will ultimately win this fight: banking lobbyists striving to maintain the status quo, or the crypto industry offering people a real alternative and yield? And are traditional institutions ready to adapt, as Armstrong predicts❓❓❓❓

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Let’s break down a major development that clearly shows what the real fight between traditional finance and crypto looks like 👇

Coinbase CEO Brian Armstrong has issued a strong warning over renewed discussions around the GENIUS Act, a proposed stablecoin bill. He called it a “red line”, arguing that this isn’t about safety or consumer protection — it’s about banks lobbying to crush competition.

⚔️ What’s the real conflict?

The current framework prevents stablecoin issuers (like USDC issuers) from paying interest directly to holders. However, crypto platforms such as Coinbase can still offer yield through rewards programs or third-party structures.

Banks don’t like this — and the reason is simple:

• Banks take public deposits

• Park reserves at the Fed earning ~4%

• Pay customers close to 0% on savings

Crypto platforms, using stablecoins, can share yield with users, giving everyday people a better deal.

According to Max Avery (Digital Ascension Group), banks are now lobbying lawmakers — under the banner of “safety” — to ban all stablecoin rewards, even when offered by platforms. The goal? Remove crypto’s competitive edge entirely.

🔥 Armstrong’s stance: This is a war for the future of finance

Armstrong didn’t hold back:

• He says he’s “impressed” by how openly banks are trying to block competition through Congress

• He believes this is an attack not just on stablecoins, but on fintech as a whole

• He predicts banks will eventually reverse course and lobby to pay interest on stablecoins themselves once they realize the opportunity

In his words, the current fight is a “100% waste of effort.”

⚖️ The regulatory paradox

Here’s the irony:

While some lawmakers — under bank pressure — are trying to restrict stablecoins, others are pushing to support them.

A group of US congressmen recently proposed exempting small stablecoin payments (up to $200) from capital gains tax. The goal is to encourage stablecoins as real payment tools, not just speculative assets.

So right now, Washington is split:

• One side sees stablecoins as a threat

• The other sees innovation, efficiency, and financial inclusion

❓ Big question

Who do you think wins this battle?

• Banking lobbyists fighting to protect the status quo?

• Or the crypto industry offering better yields, alternatives, and transparency?

And are traditional institutions really ready to adapt — just as Armstrong predicts?

👇 Share your thoughts and keep the discussion going.

#Stablecoin #coinbase #CoinbaseCEO
$USDC

According to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong @brian_armstrong said a former customer support agent has been arrested in India. Months earlier, hackers had bribed support staff to gain access to customer information.

In May, Coinbase disclosed that hackers bribed overseas contractors or employees to steal sensitive customer data and demanded a $20 million ransom. The incident was one of the most high-profile security breaches in the crypto industry, with remediation costs estimated to reach up to $400 million.

#Coinbase #CryptoScam

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#CoinRank

The crypto exchange’s tokenization, AI tools, and stablecoin revenue help it stand out in ‘transition year’ for crypto equities, said Clear Street's Owen Lau.
What to know:
Clear Street analyst Owen Lau named Coinbase (COIN) one of his top three fintech stock picks for 2026, citing its central role in blockchain-based finance.Lau maintains a Buy rating on COIN with a $415 price target, pointing to roughly 70% upside driven by stablecoin revenue, regulatory catalysts and new product lines.Coinbase’s growing focus on tokenization, payments and AI tools may help it outperform in what Lau calls a “transition year” for crypto equities.
#Coinbase