· 方法论
把话说清楚：Clarity Act 是一部银行游说法案。 JPM 和其他机构游说双方，想控制数字资产 / $CRCL 稳定币。 $COIN 大概率会把整个行业卖掉，因为他们拿到了有条件的银行牌照批准。 但实际上，这等于禁止收益竞争： -> 银行可以继续给 .3% 利率的活期账户。 而不是把 4.3% 的国债收益发给用户，然后自己拿走那 4% 的差价。 -> 他们掌握了入金 / 出金通道和稳定币的卡点。 -> 禁止任何非银行机构提供类似服务，比如通过持有稳定币给出 4.3% 收益的新创公司。 他们的理由？ 1. “安全”。这些机构本身就是部分准备金模式，真遇上银行挤兑，和 1:1 抵押代币比起来更扛不住。 2. “那你就去当银行吧”。但他们却在背后偷偷游说，阻止任何新的竞争性公司真正拿到银行牌照。 如果你想看这个政府底下的事情到底是怎么运作的： 就看看现在发生了什么。 任何真正帮到散户的东西，最后大概率都会被禁。
Let's get this straight: The Clarity Act is a bank lobbyist bill. Where JPM and others lobbied both sides to get control over digital assets / $CRCL stablecoins. $COIN is probably going to sell out the industry because they got their conditional banking charter approved. But effectively, this bans competition in yields: -> So banks can continue offering .3% interest checking accs. Instead of handing out 4.3% treasury yields and keep the 4% difference. -> Hands them chokepoints over on/off-ramps and stablecoins. -> Bans any non-banks from offerings, like startups giving out 4.3% yields by holding stablecoins. Their claim? 1. “Safety”. These are the same institutions that operate on fractional reserve models and would GG on a bank run vs. 1-1 collateralized tokens. 2. “Just become a bank”. While they secretly lobby behind the scenes to prevent any new competitive firm from becoming a bank. If you want to see how it's things are doing under this administration: Just look at how things are going. Any genuinely helpful to retail are just going to get banned.