šŸ‡ŗšŸ‡øBREAKING: White House blames big banks for killing the CLARITY Act over fears stablecoins would drain their deposits. White House crypto adviser Patrick Witt says opposition to the bill was "a wildfire that was started by larger banks that ultimately spread to community banks." He says Trump was willing to divest his crypto or place it in a blind trust, calling it the most restrictive ethics provision "that has ever been agreed to by any president." Witt called the attacks on Trump "somewhat ironic," given that "a lot of senators on banking committees" actively trade stocks in the financial companies they regulate.

Sep 23, 2026 Ā· 11:35 PM UTC

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Replying to @coinbureau
Why isnā€™t this bullshit corruption by senators shouted louder??
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Replying to @coinbureau
funny how the narrative always shifts banks still holding a lot of power
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Replying to @coinbureau
Iā€™m glad it failed! @SenWarren with her filthy corrupt fingers on crypto canā€™t be good
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Replying to @coinbureau
I am moving all my cash to stablecoins.
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Replying to @coinbureau
Every politician that voted against Clarity voted against their own constituents! Once the people find out they can get paid 3.5% plus on stable coins or 6% on X money deposits, vs the .01 the receive on checking account deposits, the People, Republican, Democrat, independent, or indifferent will throw out politicians that chose banks and not the people! Fintech is not a partisan issue! All it is, is math, science, financial technology (itā€™s modern techno economics) not political! Why and the heck would democrat politicians chose banks and not the peoplešŸ¤¦šŸ»ā€ā™‚ļø
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Replying to @coinbureau
@patrickjwitt has either lied and gaslight the People all year. Or heā€™s a complete idiot. He fits in well with the @realDonaldTrump administrationā€¦
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Replying to @coinbureau
We donā€™t want the banks ever involved in our lives @WhiteHouse
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Replying to @coinbureau
Banks lobbying against stablecoin competition isn't surprising!
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Replying to @coinbureau
Bullshit, Congress could have passed the bill anytime they wanted. But Republicans are spineless and refuse to stand alone in support of their decisions. The filibuster is a self imposed rule.
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Replying to @coinbureau
šŸ›‘ šŸ—³ļø DEMO.
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Replying to @coinbureau
With any luck it would drain their deposits. Fu*k banks! Problem is, there's always gonna be people that nod and comply and keep their money with a bank.
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Replying to @coinbureau
POV: Bank execs think they are so smart. They shot themselves in the šŸ¦¶. I want to remind everyone that the world liq. is less then 10%... the rest is all digits. I suspect these cryto exchgs & companies will start to become full blown banks. No need for reg. banks. Dumb.

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Replying to @coinbureau
"bad day to be a clarity act doomer" patrick witt is a stooge.
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Replying to @coinbureau
Most restrictive ethics provision for the most devious President. Makes sense to me. Concede Trump, you have causes enough pain over clarity.
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Replying to @coinbureau
Thats because they ware using dirty crypto payment rails for the mid terms thats the only reason they wouldn't want to stop Trump coin etc...
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Replying to @coinbureau
Exactly šŸ’Æ the hypocrisy is shameful!
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Replying to @coinbureau
Only in America you invite a wolf to design a henhouse then get upset when it attacks Crypto was made to be able to use the banks LESS Less.. not included in the decision making What the fk did you think would happen FFS
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Replying to @coinbureau
And of course our bought and paid for politicians are perfectly happy to do what the banks want, no consideration for their constituents. The same banks we bailed out. This country needs such major reform
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Replying to @coinbureau
The racketeering has to continue. Banks are not going to give in nor give up their mafiosi ponzi schemes...
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Replying to @coinbureau
I donā€™t give a fuck, let me trade perpetual contracts you cowards
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Replying to @coinbureau
Bullshit Cowpoke!!!! Senator Warren handled the destruction of the Carity Act!!!! When your at the Rodeo keep the Bullshit off X!!!
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Replying to @coinbureau
Deposit flight is the real fight here. Korea's KRW stablecoin debate is leaning the other way: put banks inside the issuance structure instead of fighting them over deposits. Worth watching which model moves more volume.
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Replying to @coinbureau
The only defense banks have is that [as of now] they are systemically important... but, like the rest of us, no company or person is immune to the evolution taking place. We all must evolve and pursue new knowledge & skillsets.
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Replying to @coinbureau
Trump doesnā€™t want it to pass heā€™s playing games. They know beforehand if they have enough votes to pass ā€œwhateverā€ legislation. To be surprised or hoodwinked this many times is B.S..
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Replying to @coinbureau
So the banks are playing ā€œwho can drain the mostā€ while weā€™re just trying to keep our coffee stable.
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Replying to @coinbureau
deposits leaving for faster rails was always the real fear.
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Replying to @coinbureau
What we need Opensource collab crypto banking for everyone to use for transactions, one where it's owned by the people. We need to go back to the days where governments feared the people and worked for the people
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Replying to @coinbureau
Wasn't surprised. #ClarityAct for me is passed, we didn't need approval ā€” $BTC already did proof of work (POW) for 17 years. I've been tweeting this and about gold's real origin ā€” all from there to 1968 bank collusion (gold/USD), that's the critical circuit breaker, pre-2008.
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Replying to @coinbureau
Banks protecting their deposit gravy train. Nothing new under the sun.
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Replying to @coinbureau
So the banks are playing ā€œwho can drain the mostā€ while weā€™re just trying to keep our coffee stable.
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Replying to @coinbureau
What do these guys get paid for exactly? They get paid to delay passing bills and use taxpayer money to go on consistent paid vacations.šŸ˜‚
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Replying to @coinbureau
But the Genius Act allows stablecoin yield- the train has left the station. Clarity actually put some restrictions on it.
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Replying to @coinbureau
And now with the SEC and CFTC taking overā€¦ that ship has sailed anyway, but without the amendments šŸ¤£šŸ¤£.
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Replying to @coinbureau
another ploy of the big money to make people hate banks and move into crypto because thatā€™s what they want us to do.. but in the background they are working together to move you into crypto.. I really donā€™t care though just make me rich
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Replying to @coinbureau
Banks are correct. As people get digital assets and digital wallets- of course they should pull their money out of banks. I certainly will. And now that we all know what they didā€¦ their nightmare will come true. Good job.
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Replying to @coinbureau
So will there be a second shot at it?
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