i don't know what any of that means & i'm gonna die poor and alone in this dead-end town by the train tracks

>>62114469
It's guaranteed to do that, where's the argument?

>>62114484
Relax moshy

>>62114484
Won't someone think of the poor banks!?

>>62114490
>>62114491
haha yall retarded or what? banks dont even need deposits. They haven't since 2008

>>62114490
moishe*
>>62114491
xd

i hate the antichrist
i want power

oy gevalt! we can't make money off your stablecoins! we need to send more money to israel IMMEDIATELY to settle this matter

>>62114469

> protecting the banking industry

We used to call that communism and the government picking winners in the free market, but I guess that stuff is okay now.

Oh my god the poor bankers!!! Someone help them!

Why should I care about the "WHITE MIDDLE CLASS BANKERS"
>t. George Carlin

>>62114495
They still need equity capital

why dont banks just try to create crypto banks???

also is anyone else having issues with the capcha today? it takes like 3 minutes to post.

>>62114469
This is concern only if it disproportionately affects small banks. When people say they hate banks, they generally mean they hate large banks, which don't invest in small businesses or regional communities the way small banks do. Rather they focus on funding large asset purchases which is one of the main drivers of inflation. Given the rate at which large banks have been cannibalizing all the small ones it is a concern. But knowing Jews, theye probably lying and stable coin law is probably more beneficial to small banks.

>>62115554
cause they would have to offer competitive rates/ yields
way cheaper to lobby against defi

>we should be allowed a monopoly on the movement of money
>t. schlomo shekelstein
You know what's funny my money is in robinhood gold getting 3.5% a month anyway.

>>62115707
Fidelity already lets you do that shit without a crypto middle man. It's not about yield.

>>62115769
any bank can sell you treasuries
that's not the point
the point would be having a deposit, which is liquid cash, that just passively generates 5%

also, stables aren't crypto
I know I posted/typed "defi" but it was my mistake
it's banks vs stablecoins

>>62115769

> he fell for the brochure

>>62114469
>stable
>goes down forever

>>62116137

You don't even know what a stablecoin is.

Sit this one out.

File: 1645335529938.png (109 KB)

109 KB PNG

>>62114469
>BANKS SAY WHITE HOUSE GOT STABLECOINS ALL WRONG
You were awesome, "white house". Top ten institutions I've ever "controlled"

so what happens if you get stablecoin bank runs

>>62117050
no such thing