Simply Bitcoin Banks Took $420B in Bailouts?! Now They Fear This $6 Trillion Threat | Bitcoin Simply
Jan 17, 2026
Banks are in panic mode after a shocking $420 billion in bailouts as they face a looming $6 trillion threat from stablecoins. With Trump targeting credit card profits and urging fair competition for crypto, the pressure on traditional banking is mounting. Leaders from JP Morgan and Bank of America acknowledge that stablecoins could drain their deposits and disrupt lending capacity. As Bitcoin challenges the status quo, projections for future regulatory battles loom large, highlighting the ongoing conflict between old financial elites and emerging technology.
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Massive Post‑2008 Style Bailouts Revealed
- The Fed issued $420 billion in bailout funds to big banks since June 30 last year, equal to 60% of 2008 TARP.
- Dante Cook highlights that banks earn ~4–5% on those funds while Americans average 0.14% on deposits.
Bank Profit Centers Are Under Strain
- Banks' core profit centers—mortgages, credit cards, and deposit-funded lending—are under attack.
- Dante Cook argues crypto and stablecoins threaten those revenue streams by offering alternatives.
Push For Level Playing Field In Regulation
- Dante Cook and Brian Armstrong urge clear, fair regulation for stablecoins so US firms can compete globally.
- They recommend Congress create a level playing field and avoid bank-favoring amendments.