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White House Crypto and AI Advisor David Sacks stated that as Congress advances new market structure legislation, the boundaries between traditional American banks and the crypto industry will gradually disappear, ultimately merging into a "digital asset industry." He believes that banks may enter the crypto market in the future by issuing stablecoins and views stablecoins as a tool to generate yields and compete with fintech companies. The relevant legislation aims to achieve equal regulation for similar products, balancing the demands of all parties while further opening up space for institutional funds to enter the crypto market. (CoinDesk)