Banks earn ~5.7% risk-free at the Fed. They pay you ~0.1–0.5% on savings. That spread is policy-enabled. The yield goes to banks, not you. Since 2008, banks have been paid trillions in interest on reserves—funds that otherwise could have reduced the federal deficit. Now those same banks are trying to kill the GENIUS Act so crypto companies can’t pay you interest on stablecoins. This isn’t about safety. It’s about preserving a monopoly on yield. Voters will remember the politicians who chose bank profits over your right to earn.(Perianne Boring)