Washington hackers are present in the cryptocurrency market 🔥🇺🇸

These five, who numbered 11 on December, along with the CEOs of three major banking giants in the European Union—Jane Fraser (CitiGroup), Brian Moynihan (Bank of America), and Charlie Scharf (Wells Fargo)—met in separate sessions with Republican and Democratic senators to discuss the new "market structure" cryptocurrency bill, which defined what regulations would apply to custodians and what space would be allotted for stablecoins and DeFi (decentralized finance)🌐.

It was discovered by the Financial Services Forum, representing us, the major systemic banks (GSIBs, or “too big to fail”). In practice, the discussion shows that the outcome will be “crypto or survival,” and within the path of “market integration with the traditional financial system under clear rules and investor protection” 👀.

If a preliminary agreement is reached, US banks can secure a position in services such as custody, tokenization of assets, and issuance of stablecoins, while Congress sets important limits to avoid abuse and capital outflow. On the other hand, overly strict regulation could trigger a wave of exchanges and DeFi project migrations ⚠️
#ETHBreaksATH #BTCVSGOLD #CPIWatch #USChinaDeal #USJobsData
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