Major U.S. banks are lobbying the Treasury Department to prohibit stablecoin yields, citing concerns over potential capital outflows from traditional banking systems. This move has met resistance from Coinbase, which argues that the Treasury lacks the authority to bypass Congress in such regulatory matters.
In parallel, the DeepSnitch AI presale has successfully raised over $500,000, with its token price increasing by 45% to $0.022. The project is gaining traction among traders who see its AI-driven market analysis tools as a potential 100x investment opportunity. The ongoing regulatory debate could have significant implications for DeFi liquidity and the broader Ethereum ecosystem, including meme coins like Shiba Inu.
U.S. Banks Urge Treasury to Ban Stablecoin Yields Amid DeepSnitch AI Presale Success
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