BREAKING: 🇮🇷 Iran's army says any new enemy attack will be met with "surprise" new weapons, new methods of warfare and new arenas of war, Tasnim reports.
This comes as President Trump reportedly promises Netanyahu, who now sees opportunity to resume Iran war, that he will “finish the mission.”
Trump also reassured Netanyahu there will be no compromise on Iran’s uranium enrichment.
🚨Banks are trying to kill the most important crypto bill in US history again.
And the Senate vote is just 4 days away.
On May 1 a bipartisan compromise was reached on stablecoin yield after months of negotiations.
The Senate Banking Committee immediately scheduled the markup vote for May 14.
Within days of the vote being announced, the American Bankers Association, Bank Policy Institute and three other major banking lobbies submitted a joint letter demanding changes to the compromise text they had literally just accepted.
What banks agreed to was simple, crypto companies cannot pay passive yield on stablecoins the way a bank pays interest on deposits, but they can offer rewards tied to actual usage and transactions on their platforms.
Banks are now saying even that is too generous and want the entire rewards framework scrapped.
Their real concern has nothing to do with consumer protection. Banks have explicitly stated that yield bearing stablecoins could reduce consumer, small business and farm loans by 20% or more, meaning people would move money out of bank accounts into crypto platforms and banks would have less to lend and less profit.
Trump said publicly he will not let bankers ruin this bill.
If it misses the May 21 Memorial Day recess deadline the entire bill gets pushed off the Senate calendar and a full year of negotiations goes to zero.
The banks know exactly what they are doing and exactly when they are doing it.