Going crazy! This statement from a U.S. Congress heavyweight just flipped the privilege table of traditional banks! Just finished watching the latest stance on stablecoin legislation, and wow, it’s absolutely mind-blowing. Congress directly gave a shoutout to the President’s crypto advisory team, making it clear that bipartisan crypto legislation is being aggressively pushed forward! In the video, they laid out the bottom line very clearly: stablecoins are payment tokens on the blockchain, and they are NOT banks—they don’t directly distribute interest. But wait! Here comes the most explosive twist! When discussing how exchanges and crypto institutions should handle marketing incentives, the heavyweight went straight for Wall Street, demanding that the Treasury ensure a level playing field! Why should traditional banks get to bundle financial products, hand out perks, and offer incentives without limits? The official recommendation is crystal clear: non-bank stablecoin issuers and their partners must have the exact same rights as traditional banks. No way should banks be allowed to continue monopolizing privileges! This statement not only paves the way for stronger compliance in the crypto industry but also slaps the concept of “absolute fairness” right onto the face of the old financial system. The entire crypto space is absolutely winning big this time!