David Sacks, the current White House AI and crypto czar, stated this Wednesday that the adoption of crypto assets in banking is inevitable following the upcoming legislative reforms. During an interview with CNBC, the official maintained that the current division between traditional finance and digital assets will disappear to form a unified industry.
This structural change will occur as Congress moves forward with market rules, allowing traditional financial institutions to operate under clear frameworks soon. Sacks highlighted that stablecoins represent the main bridge for this systemic integration. Therefore, the Trump administration seeks to eliminate the regulatory barriers that have historically kept commercial banks away from the digital ecosystem.
The approval of the GENIUS Act in July 2025 already boosted a notable growth in institutional interest in these technological assets. However, the government advisor recognized that there is a competitive tension over stablecoin yield between fintech firms and banking entities. The goal is to establish balanced oversight that ensures all actors compete under fair and equitable play rules.
Towards a digitalized and competitive financial infrastructure
Sacks predicts that, over time, banking entities will see the issuance of stable assets as an opportunity to offer better returns. In this way, the adoption of crypto assets in banking will allow traditional lenders to compete directly with more agile technological platforms. The convergence of modern financial services will redefine how citizens interact with their money on a daily basis globally.
However, the banking sector has lobbied intensely against the possibility of private companies offering direct rewards for digital deposits. Despite these frictions, the legislation seeks a necessary compromise that resolves complaints about the existing uneven supervision today. Therefore, it is expected that the new legal framework will provide stability required for institutional capital to flow without legal restrictions.
What impact will uniform regulation have on the profitability of deposits?
Likewise, the advisor emphasized that any entity offering similar financial products should be subject to identical and rigorous regulation. In this regard, the technology of distributed ledgers will be fully integrated into core banking operations to improve transactional efficiency. Consequently, end users will benefit from an infrastructure that is more robust, transparent, and capable of operating globally in real time.
On the other hand, the administration considers that a good regulatory compromise usually leaves all parties with some degree of dissatisfaction. Nevertheless, the adoption of crypto assets in banking is seen as a priority to maintain the nation’s economic competitiveness. Finally, the disappearance of borders between sectors will mark the beginning of an era dominated by the efficiency of digital assets.
