The Financial Post reports in its Monday, Feb. 2, edition that the banking industry is pushing back against White House-aligned crypto companies seeking to expand their business to Main Street customers in the United States. An Agence France-Presse dispatch to the Post reports that at the heart of the battle being waged by some of Washington's most powerful lobbies is control over several trillions of dollars in banking deposits and a debate over whether crypto companies can offer an alternative place to stash cash. The crypto industry has long had a complicated and adversarial relationship with traditional banks. Crypto believers fear that banks are trying to derail their rise. The current battle centres on draft legislation -- the Clarity Act -- that would allow crypto players to offer cash rewards to stablecoin holders, boosting their ability to lure customers away from traditional banks. According to the American Banking Association, these incentives would endanger the $6.6-trillion (U.S.) in deposits parked in traditional banks, especially lenders smaller than the national giants JPMorgan or Bank of America. Since President Donald Trump's victory, crypto companies have seen their power and influence surge.