Banks are lobbying to kill crypto rewards to protect a hidden $1,400 “tax” on every household

They earn $176B on Fed reserves and $187B in swipe fees, and now they’re lobbying to shut the rewards door.

Banks are fighting stablecoin rewards to protect a secret $360 billion revenue machine.
When Coinbase chief policy officer Faryar Shirzad posted a thread on Jan. 8 warning that stablecoin rewards “remain under debate” as Congress marks up market stru… [7402 chars]

Source: CryptoSlate | Published: 2026-01-10T21:25:23Z

Credit: CryptoSlate