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SEC’s ‘Project Crypto’ Set to Reshape Wall Street—Bernstein Predicts Game-Changing Shift
SEC’s ‘Project Crypto’ Set to Reshape Wall Street—Bernstein Predicts Game-Changing Shift
23
3
Wall Street's old guard might need a blockchain-based wake-up call. The SEC's clandestine 'Project Crypto'—leaked details suggest—could bulldoze traditional finance's moats within 18 months.
Why it matters: When regulators play with crypto toys, banks start sweating. Bernstein analysts spot institutional FOMO brewing as the SEC tests blockchain settlements that bypass DTCC's 50-year monopoly.
The cynical take: Watch legacy finance suddenly 'discover' decentralized tech—just as their quarterly bonuses hinge on pretending they invented it.
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