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The Guardian - UK
The Guardian - UK
Technology
Kalyeena Makortoff Banking correspondent

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

Rebeca Rainey gestures while speaking at a table, as President Donald Trump listens with arms crossed
Two sides of the argument: President Trump, pushing to bring crypto into the mainstream, with Rebeca Rainey, ICBA boss, putting the case against it. Photograph: Bloomberg/Getty Images

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 insiders” in suits.

“American families don’t want experiments with their money,” a voice booms. “They want jobs, growth, and available credit. When crypto gets a free pass, communities pay the price.”

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