#EFvsBitMineETHBet Traditional finance is putting up a massive fight against the latest stablecoin legislation in the Senate. Major bank trade groups have come out publicly stating that the current proposed fix is inadequate. The core of the issue is deposit protection. Banks are worried that if stablecoins become too easy to use and offer better rewards they will lose their customer deposits. By framing this as a safety concern they are attempting to stall or weaken the bill. This friction shows that stablecoins are becoming a legitimate threat to the traditional banking model. If the Senate fails to pass a clear framework it will keep the US market in a state of regulatory uncertainty. Watch for more lobbying efforts as this bill moves toward a final vote. The outcome will decide how easily institutions can integrate stables into their daily operations.