U.S. Treasury Secretary Advocates Major Financial Merger

According to Odaily, U.S. Treasury Secretary Scott Bessent has announced efforts to facilitate a significant merger between Main Street and Wall Street. Amid a 6% decline in Bitcoin prices in 2025, the Trump administration has introduced the 'Beautiful Act,' which provides newborns with a $1,000 'Trump Account' to encourage investment awareness among the public. Meanwhile, Wall Street financial giants like BlackRock have accumulated nearly $70 billion in Bitcoin ETFs, indicating the rapid integration of cryptocurrencies into mainstream finance. Bessent forecasts that tax reductions will lead to a 'major tax refund year' in the first quarter of 2026. Additionally, the Trump administration plans to introduce a market structure bill in early 2026 to further regulate the stablecoin market.