Small Trump recently publicly accused major U.S. banks of actively lobbying to prevent consumers from accessing higher-yield cryptocurrency savings products, sparking a new round of tension between traditional finance and the digital asset industry. He pointed out that mainstream financial institutions, including JPMorgan Chase, Bank of America, and Wells Fargo, currently offer annualized yields on savings accounts that are generally below 0.05%, while continuing to profit amid rising federal interest rates. In stark contrast, some crypto platforms and stablecoin projects are launching savings products with annualized yields of 4% to 5%, attracting significant user interest. Small Trump believes that banks are attempting to legislate restrictions on such high-yield services under the guise of 'financial stability' and 'fairness' by lobbying Congress and regulatory agencies, with the real intention of protecting their own interest margin profits. This statement echoes former President Trump's recent criticism of the obstacles to crypto legislation, which also pointed out that big banks are trying to undermine the U.S.'s competitiveness in the global digital asset space. As Washington accelerates the development of a regulatory framework for digital assets, the struggle between the traditional financial system and innovative financial models is becoming increasingly intense.
