‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law

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Guardian Business

‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law

Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loans On a quiet summer morning, above a small mid-western town, an American flag is waving in the breeze. The camera cuts to a father helping his son at the wheel of a tractor, and flits to a smiling couple on a grass-lined pavement, moments before flashing to grainy images of “crypto…