最新报道：According to Coinnet, Bitwise Chief Investment Officer Matt Hougan has taken aim at JPMorgan, challenging the largest U.S. bank's push for lawmakers to cap stablecoin yields. Meanwhile, the conflict between cryptocurrencies and Wall Street has escalated, culminating in one of the most explosive lobbying battles in Washington in recent years. Bitwise has rebuked JPMorgan in the Wall Street vs. crypto showdown. Following comments from members of the Bank Policy Institute and other bank lobbying groups, the Bitwise CIO slammed JPMorgan. Hougan highlighted the paltry interest rates on JPMorgan Chase checking accounts, which offer an annualized percentage yield (APY) of 0% to 0.01%. This contrasts with the recently passed GENIUS Act, which allows for interest-bearing stablecoins, suggesting that banks may be lagging in competitive financial innovation. TradFi Media reports that JPMorgan's highest certificate of deposit (CD) rate requires a $100,000.00 deposit and checking account relationship. This suggests a strategic barrier to entry for average customers, who may be diverting interest toward stablecoins offering yields of up to 5.00%. Against this backdrop, banks argue that a loophole allows exchanges like Coinbase and Binance to reward stablecoin holders. Lobby groups are urging Congress to amend the GENIUS Act, which established the first federal rules for stablecoins. In hindsight, the act prohibits issuers like Circle (USDC) and Tether (USDT) from paying interest directly. Consequently, echoing Hougan's tone, Ryan Sean Adams, host of the Bankless podcast, accused banks of rent-seeking. Stablecoins are increasingly playing a systemic role in Washington's lobbying "civil war." Traditional financial (TradFi) players like the American Bankers Association, the Bank Policy Institute, and the Consumer Bankers Association warn that allowing stablecoins to earn interest could trigger an unprecedented outflow of deposits, potentially reaching $6.6 trillion. Such a shift would raise borrowing costs, reduce lending capacity, and severely impact small businesses and households. However, cryptocurrency advocates dismiss such panic. Coinbase Chief Legal Officer Paul Grewal stated that the banks' warnings were simply to protect themselves from competition. As stablecoins evolve from niche payment tokens to potential macroeconomic drivers, risks are growing. Coinbase Head of Research David Duong recently predicted that stablecoins could expand to $1.2 trillion by 2028. TradFi sees this battle as a lobbying civil war. Republicans are preparing to advance a larger cryptocurrency market structure bill this fall, which could cement stablecoin yields as a pillar of US digital asset policy. Meanwhile, Wall Street is mobilizing to stop it. Banks are struggling to maintain their deposit base, while cryptocurrencies are striving to democratize yield. As stablecoins become increasingly entangled with US fiscal mechanisms, the battle over who controls US interest rates could define future financial policy.