THE $25T U.S. BANKING INDUSTRY IS PUSHING BACK ON CRYPTO 🚨 The American Bankers Association just warned against what it calls an “uneven playing field” in crypto. Their message: if crypto firms want to offer bank-like products, they should follow bank-like rules. This comes right as Washington debates the crypto market structure bill (often referred to as the CLARITY framework), which would finally define how digital assets are regulated in the U.S. Banks are actively lobbying around that legislation, particularly on issues like stablecoin yields and deposit competition, arguing crypto shouldn’t be allowed to replicate banking functions without the same oversight. So what you’re seeing isn’t just a speech -- It’s part of a much bigger battle happening in Washington right now: Who controls the next generation of financial rails -- banks or crypto platforms. That debate will likely shape the final version of the U.S. crypto market structure rules.