Crypto Chaos: Congress Stuck in Stablecoin Limbo, Banks Tremble

The stalemate, as Waller delicately put it, is fueled by the petty squabbles of lawmakers, torn between the siren call of stablecoin yields and the Federal Reserve’s quaint notion of “skinny” master accounts. A drama fit for the stages of absurdity, where the players are more concerned with preserving their fiefdoms than with the greater good.



