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'Banks Are Going To Get Fully Into Crypto:' David Sacks Predicts Unified Digital Assets Industry
Yahoo Finance· 2026-01-23 14:31
Core Viewpoint - David Sacks predicts that banks will fully integrate into the crypto industry, leading to a unified digital assets sector [3]. Legislative Context - Current legislation on crypto market structures is stalled due to debates over whether third-party platforms can offer rewards programs to stablecoin users, with banks arguing these programs bypass yield restrictions [2]. - A compromise is deemed necessary for legislative progress, with Sacks advocating for a solution to facilitate the passage of a market structure bill [4]. Industry Predictions - Sacks believes that once banks enter the stablecoin business, they will support offering yield payments, indicating a shift in their stance [5]. - Monica Long, president of Ripple, forecasts that by the end of 2026, half of Fortune 500 companies will have formal crypto strategies, with stablecoins becoming the standard for global payments [6]. - Mike Novogratz, CEO of Galaxy Digital, suggests that the crypto industry will need to compromise on the stablecoin rewards clause to find common ground with the banking lobby [7].