💬 Coinbase CEO Brian Armstrong says banks opposing the CLARITY Act “don’t want competition from crypto companies.”
🏦 Armstrong argues that traditional banks may be concerned about facing greater competition from crypto firms, particularly as digital-asset companies expand their financial services.
💰 He also claims that increased competition could force banks to offer higher rates to their customers, putting pressure on their existing business models.
⚖️ The comments come amid ongoing debate in the U.S. over crypto regulation and legislation aimed at establishing clearer rules for the digital-asset industry.
@Novan_Crypto
