<p>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’s digital markets correspondent Nikou Asgari explains what’s provoked US banks and who might have the upper hand in this conflict.</p><br><p>Clips from Bank of America, CBS News, CNBC, CNN, Forbes, Fox 5 Atlanta, JPMorgan Chase, The White House</p><br><p>The FT does not use generative AI to voice its podcasts.</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p><strong>For further reading:</strong></p><p><a href="https://www.ft.com/content/0fe2232a-4689-4296-b4cd-8c07c326c48c" rel="noopener noreferrer" target="_blank">The stablecoin war: Wall Street vs crypto over the future of money</a></p><p><a href="https://www.ft.com/content/25683df2-43dd-4c81-8258-73b9fa0bebff" rel="noopener noreferrer" target="_blank">Bitcoin and crypto stocks surge amid relief rally for risky assets</a></p><p><a href="https://www.ft.com/content/3f503b72-6cb5-4002-813c-57d53590635e" rel="noopener noreferrer" target="_blank">Global crypto assets hit $4tn as industry wins backing of US lawmakers</a></p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p>Vote for us!</p><p>Behind the Money has been nominated for an NYC Podcast Award in the Best Interview Podcast category. It’s an Audience Choice award, which means we need your help to win. Vote for us <a href="https://www.silver-nyc.com/nycpodcastawards/vote" rel="noopener noreferrer" target="_blank"><u>here</u></a>. We appreciate your support!</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -</p><br><p>Follow Nikou Asgari on X (<a href="https://x.com/nikasgari" rel="noopener noreferrer" target="_blank">@nikasgari</a>), or on Bluesky (<a href="https://bsky.app/profile/nikasgari.bsky.social" rel="noopener noreferrer" target="_blank">@nikasgari.bsky.social</a>). <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more.</p><br><p><a href="https://www.ft.com/content/16a0e735-e316-4147-8039-7499c0d3c58f" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>