The US Treasury Secretary pushes for a "merger of Main Street and Wall Street," integrating cryptocurrency into the mainstream financial system.
Odaily Planet Daily reports that U.S. Treasury Secretary Scott Bessant recently declared he is pushing for "the biggest merger in history"—integrating Main Street and Wall Street. Against the backdrop of a 6% drop in Bitcoin prices in 2025, the Trump administration's "Beautiful Act" provides newborns with a $1,000 "Trump Account," aiming to cultivate public investment awareness. Meanwhile, Wall Street financial giants like BlackRock have accumulated nearly $70 billion in Bitcoin ETFs, and cryptocurrencies are rapidly integrating into the mainstream financial system. Bessant predicts that tax cuts will bring a "huge tax refund year" in the first quarter of 2026, and the Trump administration plans to introduce a market structure bill in early 2026 to further regulate the stablecoin market. (Forbes)
