Simply Bitcoin Did Big Banks Just DESTROY Bitcoin & Crypto in America?! | Simply Originals
Jan 16, 2026
Bitcoin has surged past $97K, but the real chatter revolves around the recent power moves in Washington. The Senate's withdrawal of a key crypto bill and the potential rise of a BlackRock executive to lead the Fed signal troubling times for decentralization. Provisions in the bill could restrict tokenized equities and regulate DeFi like banks, causing concern about stablecoin yields impacting massive bank deposits. Amidst these shifts, the importance of Bitcoin as a bastion of financial freedom is more apparent than ever.
AI Snips
Chapters
Transcript
Episode notes
Bill Captured To Protect Big Banks
- The Senate Banking Committee pulled a crypto market-structure vote after Coinbase withdrew support for a gutted bill.
- The draft banned tokenized equities, treated DeFi like banks, empowered the SEC, and strangled stablecoin yield to protect banks.
Stablecoin Yield Threatens Bank Deposits
- Banks backed the bill to stop stablecoins from offering competitive yield and protect $6.6 trillion in deposits.
- The Kansas City Fed estimated $1.5 trillion in lending capacity could vanish if banks lost deposits to yield-bearing stablecoins.
Fed As A Longstanding Banking Cartel
- The episode frames the Federal Reserve as a privately controlled cartel that consolidates financial power.
- The host links historical banking dynasties and modern regulators to explain entrenched influence over policy.