SEC vs. Coinbase Earn
The SEC is concerned that Coinbase Earn's attractive 5% interest rate could lead to a massive shift of deposits away from traditional banks, potentially destabilizing the banking system. This fear stems from the drastic reduction of reserve requirements for banks, which could be threatened by the success of crypto products. The discussion raises critical questions about the balance between innovation and the stability of the financial system.In this clip
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Bankless
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