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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
Post with #MyFirstPostOnSquare to receive a $50 Position Voucher each
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In Washington, money never sleeps. A crucial meeting at the White House could change the face of the global financial system.
The battle is over the "largest financial reservoir": $6 trillion in deposits threatened to exit the banking system!
The scenario that terrifies banks
(According to warnings from the President of Bank o.f America): If platforms #الكريبتو are allowed to offer "returns and interest" on the digital dollar, people will prefer to transfer their savings there in search of higher profits, which means a "massive bleeding" of liquidity from traditional banks.
The surprise? Even the crypto community is divided over the proposed law.
Will banks succeed in using legislation to prevent this "financial migration," or will the era of encryption impose its rules? Share your opinion in the comments
#SEConTokenizedSecurities
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