The SEC’s Blockchain plan will change Wall Street forever
Citi, Goldman Sachs, Bank of America and eighteen other of the world’s biggest banks just agreed to build their own stablecoin company, aiming for a dollar token by 2027 and a euro version after that.
Scott explains why the detail that matters most is that these tokens will live on public blockchains instead of a private bank network, and why that quietly erases the advantage Circle and Tether spent years building.
He also covers a lawsuit accusing Tether of freezing $42 million before a warrant existed, two new SEC pushes on tokenized securities and 24-hour trading, OpenAI’s first AI model to cross a critical cyber threshold, and why buying meme coins on a credit card is a terrible idea.
Timestamps
00:00 Cold open: Wall Street’s biggest banks build their own crypto rival
00:24 Welcome to the Daily Wolf
01:09 ADP’s private payroll report: just 38,000 jobs added in August
01:54 Bitcoin trades up despite bond market stress and rate uncertainty
02:18 21 banks and asset managers unveil a joint stablecoin venture
03:44 Public blockchains, not private ones: the detail that matters most
04:42 The stablecoin land grab is erasing Circle and Tether’s moat
06:13 Why every bank on the planet wants a piece of this business
06:59 Tether sued over freezing $42.4 million in USDT before a warrant
09:05 The SEC pushes ahead on transfer agents and 24-hour trading
10:40 Welcome to hell, Wall Street: round-the-clock markets are here
11:01 OpenAI’s Astra becomes the first AI to cross a critical cyber threshold
12:52 How Not To Invest: buying meme coins with a credit card
#DailyWolf #Stablecoin #YahooFinance
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