2026-01-16 06:21:00

The CLARITY Act farce has come to an end. The bill that was supposed to rescue the market has instead become an even bigger problem.

Carefully examining this proposal reveals numerous issues: directly banning stablecoin yields, leaving only activity incentives? In other words, it helps banks lock in deposit competitiveness. RWA and tokenized stocks set exorbitant thresholds, the dream of everything being on-chain is being stifled. On the DeFi side, regulatory scope is expanding, and the essence of decentralization is being gradually eroded.

Coinbase CEO Brian Armstrong couldn't stay silent and publicly criticized: It's better not to have a bill at all than to have such a bad plan. Once the Senate delays the vote, the market reacts instantly, with COIN and HOOD stocks dropping 6-8%.

The war between TradFi and Crypto is escalating. The rules are designed as a protective umbrella for banks, leaving retail investors and innovators caught in the middle. This bill discussion has made one thing clear: whoever holds the policymaking power, their interests will tilt accordingly.

RWA6,35%

DEFI-6,66%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
4
Repost
Share

Comment

0/400

FastLeaver

· 4h ago

Another good show, banks really know how to play --- Banning returns is just banning returns, why bother with the guise of market rescue, naked --- This is a typical case of "nominal innovation, actual scalp cutting," nothing new --- That sentence from Coinbase was harsh, but on the other hand, the market reacts so quickly... interesting --- RWA threshold is a one-size-fits-all, all dreams are wasted, it's the old routine --- See clearly? I saw it clearly long ago, those with power eat the meat, retail investors are always the foil --- DeFi is being devoured alive, this is the price of rule-making power, tragic

View OriginalReply0

SelfRugger

· 5h ago

The bank won again, and we lost again.

View OriginalReply0

CommunitySlacker

· 5h ago

The banks won again, and we lost once more. --- Where is the promised market rescue? Turns out it's just prolonging traditional finance. --- Banning stablecoin yields? Isn't that just fear of us fleeing? Laugh out loud. --- It's always the same. As soon as the bill comes out, we know who the real boss is. --- Coinbase finally spoke out this time. There's truly no worse proposal than this. --- Sky-high thresholds are unbelievable. Is this to rescue the market or to kill it? --- Decentralization is being gradually eroded by the authorities, and everyone finds it uncomfortable. --- COIN is falling, as expected. Don't expect policies to side with us. --- This is what we call policy-making power. With power comes capriciousness. --- I just want to know, when will retail investors get a chance to speak? --- It's another game where the banks win. We'll have to find our own solutions. --- Looking at this proposal design, it's clear how much the banks fear us.

View OriginalReply0

APY_Chaser

· 5h ago

Once again, Wall Street is grinding us into the ground. It's better to have no law than a bad one. Saul is right.

View OriginalReply0