$TRUMP
🚨🇺🇲🗽 The American banking system is about to transition to blockchain 🔥📢
A new report from Bank of America states that the 'talking phase' of regulation is over -- implementation is here 📢
The main moves driving the shift 📢
• Conditional approval from the Office of the Comptroller of the Currency for trust bank licenses for five digital asset companies
• Upcoming proposal from the FDIC regarding approvals for stablecoins by banks
• Federal Reserve collaboration on capital and liquidity rules for stablecoins (Genius Act)
This is the beginning of a multi-year migration of traditional finance to blockchain 📢
JPMorgan and DBS are already conducting tests of tokenized deposits across multiple chains—fueling the discussion ⬇️
Tokenized deposits vs stablecoins… who will win?
Bank of America says banks must master blockchain now. Everything from bonds to stocks to cross-border payments could soon settle on-chain 👀 📢
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