Ben SimpsonNavigating the world of crypto with confidence & expertise | Founder & CEO of Collective Shift

Banks know what this means for their power...

Name: Banks know what this means for their power...
Uploaded: 2026-01-23T03:01:00+00:00
Duration: 54 s
Channel: Ben Simpson
Description: This content was created by Ben Simpson. This content was uploaded by Ben Simpson. This is a YouTube clip titled "Banks know what this means for their…

23 Jan 2026 · 1 min

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This content was created by Ben Simpson. This content was uploaded by Ben Simpson. This is a YouTube clip titled "Banks know what this means for their power..." (created 2026-01-23) featuring Ben Simpson delivering a political/crypto commentary. He claims banks are pushing back against a pending "crypto structure bill" at the White House because it would reduce their power, references figures such as David Sachs and Brian Armstrong (Coinbase), and notes Donald Trump’s support for the bill. The speaker argues passage of the bill is necessary to accelerate crypto adoption (developers, stablecoin platforms, companies) and criticizes banking resistance.

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Biggest problem right now is that the banks are pushing back on the crypto structure bill that is currently in the White House wanting to be approved. The banks do not want crypto to be in the forefront because it'll take the power away from them. So what's been happening right now, we've got David Sachs that is a part of this crypto group that's running for the President Trump. We have seen Brian Armstrong, the CEO of Coinbase now push back against the bill that was pushed through because of the banks are so anti this crypto structure bill. The crypto structure bill essentially allows crypto developers, stablecoin platforms, crypto companies and other institutions to push forward crypto adoption at a much faster rate. And the banks are pushing against it. Once this gets approved, it will finally be pushing forward for bigger adoption. That's why Trump continues to push the crypto agenda. This is a huge, huge thing that we need to get approved to continue to see bitcoin and crypto adoption grow. Until that happens, the banks are pushing back. We need to get this one through.