The United States taking the lead could help establish global standards, but it would also require buy-in from other major financial centers.
In conclusion, if Project Crypto delivers on its most ambitious promises, we could be witnessing the beginning of the most significant transformation of financial markets in history.
The move from traditional, centralized systems to blockchain-based, on-chain markets could reshape everything from how we trade stocks to how we settle international transactions.
While the challenges are enormous, the potential benefits could be equally significant.
The next few years will be crucial in determining whether this vision becomes reality or remains an ambitious dream.