Eric Trump Says JPMorgan, Wells Fargo And Bank of America Trying To Block Americans From Getting Higher Yields On Savings By Sabotaging Clarity Act

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• Big banks are protecting their low-rate monopoly and preventing deposit flight while demanding fairness

  80% confidence

• The American Bankers Association and other lobbyists are spending millions to restrict yields on stablecoin balances through the CLARITY Act

  80% confidence

• Banks are posting record profits while opposing pro-crypto reforms and should work collaboratively in the interest of Americans

  80% confidence

• Offering yield on customer balances makes crypto entities functionally like deposit-taking institutions and should be regulated as one

  80% confidence

• When big banks spend billions on expensive Midtown Manhattan headquarters, that money comes from the non-existent interest rates they pay customers

  80% confidence

• Big banks including JPMorgan Chase, Bank of America, and Wells Fargo are lobbying to block Americans from getting higher yields on their savings and trying to block rewards or perks from being given to customers

  80% confidence

• Banks are attempting to undermine cryptocurrency legislation critical to keeping innovation within the U.S. rather than pushing it overseas to countries like China

  80% confidence