BOE’s Bailey Declares War on Bank-Issued Stablecoins as Trump’s Pro-Crypto Agenda Gains Momentum

Bank of England Governor Andrew Bailey just drew a line in the sand—and it's red-inked with regulatory hostility toward stablecoins. Meanwhile, Trump's crypto-friendly policies keep chipping away at institutional resistance.

The Stablecoin Smackdown

Bailey's latest broadside targets bank-issued digital currencies, calling them 'a systemic risk masquerading as innovation.' Classic central banker move—protecting their monopoly while the private sector actually builds useful tools.

Trump's Crypto Counteroffensive

The former president's pro-blockchain stance keeps gaining traction, with GOP lawmakers now drafting bills that could neuter Bailey-style interventions. Nothing disrupts bureaucracy like a political rival turning your pet issue into a campaign rallying cry.

As usual, the 'prudent regulators' are a day late and a dollar short—ironic, given they control the dollar printer. The real systemic risk? Legacy finance clinging to control while the world moves on.