BANKS DECLARE WAR ON CRYPTO?! 🚨 CLARITY ACT BLOCKED AS 21 GIANTS LAUNCH STABLECOIN
Hey babes. Two huge stories just collided.Coinbase CEO Brian Armstrong says some banks are still fighting the Clarity Act because they don’t want competition from crypto companies. Banks have argued that if crypto firms act like banks, they should follow the same rules. The next real date is a Senate procedural vote expected mid-September (around September 15).At the same time, 21 leading international banks and asset managers just announced they are forming a new company in the second half of 2026 to issue a USD stablecoin. Bank of America, Citi, Goldman Sachs, Wells Fargo, Fidelity, WisdomTree, UBS, Santander, Deutsche Bank, and others are involved. First product is a US dollar stablecoin targeting the first half of 2027, then other G7 currencies starting with the euro. Use cases: payments and digital-asset settlement across wholesale, institutional, and retail.So banks lobby against crypto competition in Washington… and then build their own on-chain dollar for 2027
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