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.

RWA-5,88%

DEFI-4,01%

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.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

ContractBugHunter

· 01-18 10:26

Banks want to monopolize everything, and they still rely on policies to help. Ridiculous. This bill is really bad; it's better if it doesn't happen at all. It's the same old trick, retail investors are always pawns. Saul wasn't polite this time, he confronted directly. DeFi is being slowly segmented, which is absurd. Honestly, having such a bill is almost the same as having none. Rules are always friendly to big capital; that's the norm. The name CLARITY is really ironic; it doesn't clarify anything. Just another plan to upgrade the banking system. It's completely stifling innovation, it's pointless.

View OriginalReply0

MetaverseVagrant

· 01-17 21:46

Here we go again, those bank folks are really shameless. --- Alright, anyway, we're just the ones getting cut. --- Restrict earnings to only incentives? Isn't this just another way to scam money? --- Coinbase CEO is right, a bad bill is better than no bill. --- DeFi is being eroded, and next it will be our turn. --- Retail investors are always the last bagholders; everyone should wake up. --- Rules are always written by the wealthy; we can only watch. --- This bill looks like a bodyguard tailor-made for the banks. --- Once the sky-high threshold appears, small players are completely out. --- When the market drops 6-8%, another round of retail investors get cut. --- Politics is like this; if you have money and power, your words carry weight.

View OriginalReply0

MetaDreamer

· 01-17 17:20

Coming back with this again? Banks are building their moats higher and higher.

View OriginalReply0

FastLeaver

· 01-16 06:51

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

· 01-16 06:39

The bank won again, and we lost again.

View OriginalReply0

CommunitySlacker

· 01-16 06:32

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

· 01-16 06:25

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