Banks are seriously peeved with crypto! The Independent Community Bankers of America (ICBA) has launched a full-on war, labeling Coinbase CEO Brian Armstrong "Public Enemy Number One" in aggressive ads. They're pushing hard for senators to ban stablecoin yields entirely, screaming that crypto could drain trillions from bank deposits and massively cut lending.
But let's be real, while banks offer a pathetic 0.39% on savings, Coinbase is dishing out up to 5% on USDC. It seems less about protecting the economy and more about guarding their own profit margins in what's shaping up to be a huge Blockbuster vs. Netflix showdown for your cash!
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