#USCryptoReserve According to a recent Financial Times report, President Donald Trump’s pro-crypto stance may pose a significant risk to Wall Street, primarily due to the potential growth of stablecoins. This growth could lead to the expansion of Silicon Valley, potentially disrupting traditional finance.

Notably, the push for solid regulatory framework for stablecoins could significantly influence their growth. If stablecoins exhibit a stronger existence, it could lead to increased competition with bank deposits, making them a more attractive option for investors seeking alternatives to traditional banking. Significantly, the Congress-proposed legislation may pave the way for tech giants to issue their own stablecoins, revolutionizing the financial landscape. This development could enable social media networks and e-commerce platforms to accept deposit equivalents, transforming them into “everything apps.” This is creates an opportunity for them to compete directly with Wall Street’s business.