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The US Treasury Secretary pushes for a "merger of Main Street and Wall Street," integrating cryptocurrency into the mainstream financial system.

2025-12-23 12:52

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)