
Falcon lands for the 600th time!
Paul Meeh
6.5K posts

@PaulMeeh
Graduate of South Carolina, Masters from the same, former infant future Astrobiologist, Go Gamecocks, Go Philadelphia Eagles, Go Atlanta Braves!

Falcon lands for the 600th time!





I genuinely dont remember half my life

🚨NEW: As the clock ticks down to a markup of the Clarity Act in the Senate Banking Committee, the North Carolina Bankers Association (a state trade group) has been urging member banks to call into @SenThomTillis’s office to weigh in on the stablecoin yield debate. Per an email shared with me by an employee at a small Wilmington-based bank, circulated by leadership this week on behalf of @NCBankers, the current compromise stablecoin yield text “does not accomplish the goal” of mitigating deposit flight to stablecoins. It then encourages employees to call Tillis’s office using the following pre-written message: “The CLARITY (sic) Act must include an airtight prohibition on payments for stablecoins acting as a store of value by clearly barring any interest or yield-like payments tied to the holding, retention, or balance of payment stablecoins — without carve-outs that can be met through nominal activity or loyalty programs.” The email adds that employees don’t need to answer questions or defend their positions. “Simply state your message and you’ll be thanked for your call. It’s that easy.” The development tracks with recent reports that banks are growing increasingly restless with the current stablecoin yield compromise and are making a last-minute push for changes.

🚨UPDATE: Banking Group Says New CLARITY Act Text STILL Fails On Deposit Flight — Urging Employees To CALL Sen. Tillis’ Office 🤯🇺🇸🔥 According to a new report from @EleanorTerrett, the North Carolina Bankers Association has been URGING member BANKS to weigh in DIRECTLY with @SenThomTillis’s office over the stablecoin yield fight. 😳 The group reportedly argues the current compromise language does NOT SOLVE the CORE ISSUE of DEPOSIT FLIGHT into stablecoins. ❌ @NCBankers allegedly circulated a PRE-WRITTEN SCRIPT for employees to use when calling Tillis’s office. 👀 That script pushes for what it describes as an AIRTIGHT BAN on INTEREST or YIELD-like payments tied to payment stablecoins. 😳 According to the report, employees were also told they do NOT need to debate or defend the position… just deliver the message and hang up. 😵 Banks are trying EVERYTHING to STOP CRYPTO at the last minute, but they WON'T SUCCEED. 🔥

