White House Predicts Crypto-Banking Merger Amid CLARITY Act Stalemate
Davos became the stage for a pivotal crypto-banking convergence narrative as WHITE House advisor David Sacks declared the impending fusion of traditional finance and digital assets. The CLARITY Act—a regulatory linchpin for the U.S. crypto market—remains gridlocked over stablecoin yield disputes, exposing a tectonic shift in financial infrastructure.
Banking institutions resist yield-bearing stablecoins, fearing deposit flight, while crypto firms champion them as innovation accelerators. Behind the political wrangling lies a broader vision: a unified digital asset ecosystem where banks and blockchain entities operate under shared regulatory frameworks. The Davos dialogue underscores Washington's strategic push to dissolve boundaries between these once-distinct worlds.
