Banks claim stablecoins will drain deposits and harm lending, but there’s no evidence supporting this. Bank attacks on the bipartisan GENIUS Act and on
@POTUS’s crypto agenda aren’t about stability—they’re about protecting $187B in payment fees. Stablecoins modernize payments and save consumers billions. Congress should focus on promoting innovation and competition - this is good for consumers, for economic growth and for the banks who want to innovate. GENIUS is now law, it’s time for banks to stop fighting the last war.