Cody Carbone@CodyCarboneDC
The arrogance is astounding.
For months, the banking lobby refused to engage on stablecoin rewards. They didn’t make this a red line during the GENIUS Act. They didn’t stop the House from advancing CLARITY. Now, days before markup, after months of saying “we won’t negotiate,” they’re suddenly demanding “immediate engagement.”
Bad faith policymaking. And an eleventh-hour attempt to protect incumbents from competition.
Consumers deserve innovation, competition, and better financial products. Stablecoin rewards aren't radical. The banking lobby had every opportunity to engage constructively. Instead, they chose obstruction, delay, and now panic.
Let's get going and move this forward. See ya Thursday.