Crypto may be at a massive turning point, and it’s happening in Washington right now: new legislation could ban stablecoin yield entirely, shutting down one of crypto’s biggest use cases before it fully scales, while at the same time the SEC and CFTC are rolling out major new guidance, the NYSE is moving toward 24/7 tokenized stock trading, and more than 25 major banks are launching blockchain-based payment systems by June. As regulation tightens, Wall Street seems to be going all in, all while global markets flash warning signs with surging bond yields, weaker retail participation, and tightening liquidity. So the real question is whether crypto is being restricted, or whether it’s about to be fully absorbed into the traditional financial system.

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