The Banks and Elizabeth Warren's Anti-Crypto Army Are At It Again
Take a moment to watch this important video. The banks and the anti-crypto army are once again trying to change the Clarity Act and limit consumer options for how they custody and move their money. You joined the Stablecoin Solutions community to learn how to break away from the banks and their toll booth economy. It's now more important than ever that you learn how make your wallet your bank. Together, we can do this.
The Banks and Elizabeth Warren's Anti-Crypto Army are at it again
Transcript:
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Elizabeth Warren and the Anti-Crypto Army are back at it again.
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The Clarity Act,
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which is the most significant piece of crypto legislation to have advanced this far
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in Congress,
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is set for a floor markup vote on Thursday,
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May 14th.
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In advance of that markup vote,
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over 100 amendments have been proposed,
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flooding the zone with a ton of anti-crypto,
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anti-stablecoin,
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and anti-DeFi legislation.
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A lot of that coming from Elizabeth Warren herself.
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They want to eliminate your ability to self custody your crypto.
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They want to eliminate your ability to privately move your money how you want to
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move your money.
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And they want to create a surveillance state.
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They want to eliminate crypto from the financial system based on what I'm reading
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in these amendments.
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I'm not surprised by any of this.
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I've been talking lately about how the banks have been doing a full front assault
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through their lobbying groups
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on the stablecoin provisions of the Clarity Act.
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The Clarity Act, just to be clear, is more than just stablecoin legislation.
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This creates the regulatory and legal infrastructure for how digital assets
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integrate with the banking and financial system in this country.
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We previously chased this innovation overseas through overzealous regulation,
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and that's why the Clarity Act is critically important to pass.
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And all of this last-minute
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Wrangling by the bank lobby,
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who have flooded Congress with over 8,000 letters in opposition to the yield
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provisions of the Clarity Act,
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which would allow you as consumers to be able to earn interest on your stablecoins,
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shows you just how desperate they are to shut all of this innovation down.
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I've talked about this previously,
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and in my book,
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Make Your Wallet Your Bank,
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I give you the roadmap for how to break away from the banks and their tollbooth
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economy
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Today might be a good day to download that free copy and learn how to make your
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wallet your bank because it is clear based on what the banks are trying to do and
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what Warren and her anti-crypto army are trying to do that they want to eliminate
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those options for consumers.
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Consumers deserve choices on how they custody and move their money and the best way
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you can send a message to these legislators is to share this and make it viral.
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Let them know that you want control over how you move and custody your money and
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that you want to break away from the banks and their fee extraction monopoly.
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This is all about protecting legacy financial rails and denying consumers the right
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to have options.
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And those options come in the form of cryptocurrencies and stablecoins that are
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fully regulated on the Genius Act.
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Enough is enough.
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Let's get this bill marked up
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Let's get it out of the Senate and let's get it to the White House and signed into
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law because that's the right thing for consumers.