“I am an existential threat”-The Street of Walls is suddenly ready for Bitcoin and toured encrypted prices

Bitcoin and Crypto prices have been equipped this week The panic traders that can provoke the Donald Trump war of the “Crisis Screenplay” price.

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Bitcoin price exceeded the stocks, With the United States, Treasury Secretary Scott Bessent issues sudden support.

now, While Blackrock CEO issues a warning of almost a trillion dollars to US dollarWall Street banks stare at the “existential” bitcoin barrel and an encryption crisis with Trump pushing radical new legislation.

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“This is an existential threat to the banking industry, as well as to the great financial system,” Arthur Wilsher, a professor of law at George Washington University, He said ReutersAdding that taxpayers can eventually be on the hook.

The Congress is rushing to pass a major new encoding legislation in the form of the Stablecoin Bill that can see the paid benefit of people with cryptocurrencies in dollars, with Bo Heins, who leads the House of Advisors in Trump on digital assets, saying that the White House wants the Stablecoin bill that was passed before August.

The Stablecoin Bill is currently prohibited to the House of Representatives Hall that Stablecoin exporters are to pay the interest to holders, while the Senate twinning bill is excluded benefits on some types of Stablecoins, but it is no less than their ban.

If it is allowed, the high -benefit stablecoin accounts from the average can see people transfer their money from the insured bank accounts, and open them to risk if the encryption companies have failed.

“Stablecoins appear as the first real use in Blockchain use that is fully integrated into traditional financing, and we are witnessing the early stages of this shift,” said Hina Sattar Joshi, TP ICAP digital asset sales director, in e -mail comments.

“The strong global momentum in Stablecoins is likely to attract institutional interest in a digital origin that has long -term growth potential while working as a credible bridge between traditional assets and encryption.”

Since Congress combines Stablecoin in the coming weeks, legislators will have to choose – determine whether Stablecoins will become an actual calculation tool for both banks and encryption companies or if they will remain a side offer.

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“The government should not put its thumb on the size in favor to publish To X earlier this week. “Banks and encryption companies should be allowed both to share the benefit with consumers.”

The Stablecoin Market, led by Tether, has a value of $ 144 billion, rapidly in recent years, with financial technology companies and Wall Street giants from PayPal to Bank of America Rushing to launch their Stablecoins, which are being tempted by $ 13 billion.

“It is clear that there will be Stablecoin,” Brian Mounehan, CEO of Bank of America, said in an interview with the economic club. I mentioned by DL news. “If they make it legal, we will go to this work.”