Ripple CEO calls out bank bad faith: Yield talks force a market reset
Brad Garlinghouse confronts the legacy financial hierarchy over stablecoin regulatory stagnation and bad faith negotiations. 📍 The Illusion of Good Faith Why Stablecoin Yield Talks Are a ZeroSum Game for Banks Ripple CEO Brad Garlinghouse recently declared that the "door to a deal is wide open" on stablecoin yield regulations, urging banks to "act in good faith" and walk through it. This follows contentious White House negotiations where White House advisor David Sacks stated crypto already made major concessions. But here is what no one is talking about: when has "good faith" ever been the prevailing currency in a battle for market share and deposit revenue? The stakes are simple: whether digital dollar issuers can offer interest-like returns to holders. For banks, this isn't just about regulatory clarity; it's about ...