Crypto
Banks Slam White House Stablecoin Report, Crypto Fights Back
Major banks are criticizing a White House report on stablecoins, arguing it misinterprets deposit outflows. Meanwhile, the crypto industry is innovating with AI-driven interfaces and faster transaction speeds, aiming to enhance money velocity and create new yield opportunities. Projections indicate a significant shift towards digital finance, with crypto potentially rivaling traditional payment networks within a decade.