Echo 𝕏
@echodatruth
This framing is wrong.
Banks aren’t blocking market structure because they’re scared of yield. They’re already preparing to move onto crypto rails, issuing stablecoins and letting customers participate in DeFi through compliant, regulated infrastructure.
The real pushback is coming from centralized exchanges that want to be banks.
Parking capital on an exchange so they can lend it out and throw users a cut isn’t decentralization, it’s the same banking model with a crypto logo.
That’s why Coinbase is panicking.
They don’t have a bank-grade, compliant DeFi rail built end-to-end, so instead of adapting, they’re lobbying to preserve a model where capital stays parked and they remain the middleman.
If you actually read the draft, it’s pro-DeFi:
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- rewards for participation
- lending, borrowing, liquidity
- capital in motion, not parked
And here’s the signal everyone’s ignoring:
Out of all the major blockchain projects, fintech firms, and institutions involved, Coinbase was the only one loudly opposing it.
This isn’t banks vs crypto.
It’s compliant infrastructure vs exchange gatekeepers.
Crypto wasn’t meant to replace banks with Coinbase.
It was meant to remove the middleman, quietly and at scale.
Not all banks are the same, and that’s what people keep missing.
Since 1934, the U.S. has had two systems:
- For-profit banks (FDIC) → shareholders first
- Not-for-profit credit unions (NCUA) → people first
So when influencers say “banks are k*****g crypto,” that’s lazy.
Some banks are building crypto.
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Credit unions and community banks are preparing to:
- issue their own stablecoins
- move onto compliant blockchain rails
- let members participate in DeFi
- do it all inside their existing banking apps
That’s real adoption at scale.
Meanwhile, Coinbase is being defended like it’s anti-bank…
when it’s really trying to become one.
Replacing banks with exchanges isn’t decentralization.
Understanding the difference is how you see the future coming.
Know What You Hold!
Most people don’t realize just how big this is, and I am doing everything in my power to connect the dots for everyone without sounding too crazy. So if you are one of the ones that truly understands and see the bigger picture, take it as a blessing because as you scroll through X you will see so many people and large influencers that are clearly lost and just feeding into the mess and going with the program.
Source(s):
https://x.com/echodatruth/status/2012308661679370710
https://x.com/echodatruth/status/2012336092171690333
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