The CLARITY Act stablecoin yield fight looks like banks vs. crypto.

It's not.

It's a controlled negotiation over how fast to allow substitution within a system that cannot afford to have its foundations questioned too loudly.

Thread 🧵 Coinbase wants to pay you 4-5% yield on USDC.

Your bank pays you 0.5%.

The math is obvious. The capital flight would be real.

But the banks aren't just protecting profits. They're protecting the credit creation engine that funds the entire economy.

Fractional reserve banking IS growth financing.

Lots of bad takes around the strategic Bitcoin reserve on the timeline.

First and foremost the vast majority of people who are really deep throating SBF on the timeline atm just want the government to pump their bags and truly don’t care about the consequences. Anyone who truly is focused on the supposed goal of the US benefiting wouldn’t be pushing for such an half cocked aggressive approach via executive order.

It is my opinion that the proper way for the US to accumulate #Bitcoin is to enact the #Bitcoin strategic reserve through the legislative branch not the executive branch.

Also it would be to enact a sleight of hand approach to how they accumulate and not a smooth brain approach of selling all their gold reserves to buy Bitcoin at Coinbase.