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Note published on January 21, 2026 at 5:55 PM UTC

2026-01-21T17:55:26+00:00

Great background on why Coinbase sank the crypto bill they’d just spent months lobbying for, and the fundamental conflict between the banking lobby and the crypto lobby when it comes to stablecoin interest.

“Monopoly Round-Up: The Slow Death of Banking in America”.
Matt Stoller in BIG by Matt Stoller.
Crypto interests came after the local banker last week in a bitter Congressional fight. They didn't win, but it's not over. Plus, the "Mamdani effect" is real, and Canada aligns with China.
Illustration of Molly White sitting and typing on a laptop, on a purple background with 'Molly White' in white serif.