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A CEO of a leading compliant platform recently made some sharp remarks at an international forum, directly stating that the attitude of major banks towards Bitcoin is shifting—from indifference to fear.
He pointed out that it is precisely out of this fear that large banks are exerting effort to restrict the profit potential of stablecoins. In his view, this is essentially a manifestation of vested interests unwilling to see ordinary people gain more benefits through crypto assets.
This also explains why some platforms have been cautious in their stance on crypto legislation. He believes banks should drop their posture and compete based on strength, rather than relying on lobbying power to maintain their privileges.
Interestingly, the current stablecoin-related legislation has already made many concessions, providing traditional financial institutions with enough room to adjust. However, the banking sector still seems to think it’s not enough—they would prefer to see a complete suppression of crypto asset yields. This covert game reflects the true attitude of the traditional financial system in the face of the Web3 disruption.