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US President Donald Trump handed crypto companies a huge win last year when he signed a piece of legislation to regulate an important part of the digital currency world: stablecoins. But ever since then, Wall Street banks have been fighting to change parts of the law. The FT\u2019s digital markets correspondent Nikou Asgari explains what\u2019s provoked US banks and who might have the upper hand in this conflict.<\/p>\n
Clips from Bank of America, CBS News, CNBC, CNN, Forbes, Fox 5 Atlanta, JPMorgan Chase, The White House<\/p>\n
The FT does not use generative AI to voice its podcasts.<\/p>\n
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For further reading:<\/strong><\/p>\n The stablecoin war: Wall Street vs crypto over the future of money<\/a><\/p>\n Bitcoin and crypto stocks surge amid relief rally for risky assets<\/a><\/p>\n Global crypto assets hit $4tn as industry wins backing of US lawmakers<\/a><\/p>\n – – – – – – – – – – – – – – – – – – – – – – – – – – <\/p>\n Vote for us!<\/p>\n Behind the Money has been nominated for an NYC Podcast Award in the Best Interview Podcast category. It\u2019s an Audience Choice award, which means we need your help to win. Vote for us here<\/a>. We appreciate your support!<\/p>\n – – – – – – – – – – – – – – – – – – – – – – – – – –<\/p>\n Follow Nikou Asgari on X (@nikasgari<\/a>), or on Bluesky (@nikasgari.bsky.social<\/a>). Michela Tindera<\/a> is on X (@mtindera07<\/a>) and Bluesky (@mtindera.ft.com<\/a>), or follow her on LinkedIn for updates about the show and more.<\/p>\n Read a transcript of this episode on FT.com<\/strong><\/a><\/p>\n