US Treasury Secretary Announces Wall Street-Main Street Merger Plan

2025-12-23 21:04

US Treasury Secretary Scott Bessent has announced a strategic plan to merge Main Street with Wall Street, aiming to bridge economic gaps. This announcement comes amid a 6% decline in Bitcoin prices for 2025, despite significant investments by BlackRock and others, who have accumulated nearly $70 billion in Bitcoin ETFs. Additionally, the Trump administration's 'Beautiful Law' introduces $1,000 'Trump Accounts' for newborns. Bessent also projected significant tax refunds in Q1 2026, alongside plans for a market structure bill to regulate stablecoins by early 2026.

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