US Treasury Secretary pushes for "Main Street and Wall Street merger," integrating cryptocurrencies into the mainstream financial system
According to Odaily, U.S. Treasury Secretary Scott Besant recently announced that he is promoting the "largest merger in history"—integrating Main Street with Wall Street. Against the backdrop of a 6% decline in bitcoin prices in 2025, the Trump administration has introduced the "Beautiful Act," which provides newborns with a $1,000 "Trump Account" aimed at fostering nationwide investment awareness. Meanwhile, Wall Street financial giants such as BlackRock have accumulated nearly $70 billions in bitcoin ETFs, and cryptocurrencies are rapidly integrating into the mainstream financial system. Besant 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 at the beginning of 2026 to further regulate the stablecoin market. (Forbes)
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