Core Viewpoint - Major U.S. banks are resisting cryptocurrency legislation to maintain their monopoly over the financial system, as argued by Eric Trump, co-founder of American Bitcoin Corp. and World Liberty Financial [2][5]. Group 1: Resistance from Traditional Banks - Legacy banks benefit from inefficiencies in traditional finance and lack incentive to support faster, technology-driven alternatives [2][4]. - The current financial system is characterized by intentional delays, such as the inability to send wire transfers after 5 PM on Fridays, which banks exploit to earn interest on idle funds [3][4]. - The opposition to cryptocurrency legislation is driven by the desire of big banks to protect their existing financial practices and revenue streams [5]. Group 2: Impact of Cryptocurrency Legislation - The Senate Banking Committee has delayed the crypto market structure bill to late February or March, following Coinbase's withdrawal of support due to disagreements with the banking industry [5]. - The anticipated market structure bill is viewed as a potential catalyst for the cryptocurrency market, which has seen a decline in Bitcoin prices by 19.8% since a previous bullish prediction by Trump [6].

💥BREAKING:🇺🇸 U.S. CRYPTOCURRENCY LEGISLATION HAS DRIVEN A $4 BILLION RISE IN STABLECOIN SUPPLY. https://t.co/1sWjxfjM4s ...

Regulatory Landscape & Legislation - Discussion on the past, present, and future of cryptocurrency legislation in the US [1] - Examination of the impact of NYC BitLicense on the crypto industry [1] - Analysis of the potential role of the CFTC in regulating digital assets [1] - Exploration of challenges to bipartisan support for crypto legislation [1] - Consideration of the next steps for digital asset regulation in the Senate [1] Political & Lobbying Influence - Importance of lobbying efforts for the crypto industry [1] - Analysis of shifting bipartisan attitudes towards cryptocurrency [1] - Assessment of Democrat interest in crypto [1] - Discussion of Trump's potential impact on digital asset regulation [1] Market Trends & Future Outlook - Examination of the merging of crypto and traditional finance (TradFi) [1] - Discussion on the potential impact of digital assets on USD hegemony [1]

Group 1 - The CEO of Coinbase believes that relevant legislation will help protect the cryptocurrency industry and prevent future impacts similar to those experienced under the Biden administration [1]