President Donald Trump's administration is working on regulatory measures that could shift financial power from big banks to tech giants, with stablecoins as a focal point. Congress is developing a legal framework to allow dollar-pegged stablecoins to function as real money in the US, potentially sidelining Wall Street and giving Silicon Valley control over financial transactions. If stablecoins gain popularity, banks could lose customer deposits and be forced to cut back on lending. Some financial institutions are planning to issue their own stablecoins, but they will not be insured. Trump's crypto policies have also sparked a global debate on national crypto reserves. However, institutional investors are pulling back from crypto markets due to concerns over risk and volatility.



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