Banks and crypto companies are engaged in a battle over whether stablecoins can pay interest, and Trump has sided with crypto. CNBC's report last week used a term called the 'Trillion Dollar War'. The core controversy is whether stablecoin legislation in the United States should allow stablecoin holders to pay a yield. The bank strongly opposes it because if USDC can pay interest, a large amount of bank deposits will be withdrawn. Jamie Damon from JPMorgan cited a research report from the Ministry of Finance, stating that allowing stablecoins to pay interest is equivalent to allowing unregulated quasi banks to operate, and the systemic risk is too high. Trump's encryption advisor directly retorted, to the effect that paying interest itself does not require a bank license, and the bank is changing the concept. Eric Trump is even more aggressive, directly stating that the bank's position on stablecoin issues is' anti American '. The president's son publicly criticized the bank for being anti American, which was completely unimaginable a few years ago. This matter is closely related to everyone in the cryptocurrency industry, after all, everyone has stablecoins in their hands to earn interest, and many people even put their money from web2 specifically to earn interest. If the legislation allows yield, holding U can earn interest. If the bank wins, stablecoin can only be treated as a non interest paying digital dollar. My personal preference is that yield will pass, after all, even the president is on the side, but the lobbying ability of banks is not a joke. If stablecoins can no longer earn interest in the future... occasional benefits like Binance Wifl are probably gone 。