Post #2186

Here’s the truth behind the lobbying war. Big banks generate ~70–80% of their net interest income from depositor funding – cheap deposits that they recycle into higher-yield assets. Products like Coinbase ONE start breaking that model by giving users yield closer to the underlying rate. So the push to shape the CLARITY Bill is an attempt to protect the depositor subsidy, because once yield moves on-chain, the banking margin game gets a lot harder.