Citigroup CEO Jane Fraser supports advancing the CLARITY Act, but wants tougher limits on stablecoin rewards. Banks warn these programs could drain deposits and hurt lending, while crypto says Congress shouldn’t confuse real usage incentives with backdoor interest.
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Citigroup CEO Jane Fraser says clearer crypto rules are needed and confirms the bank is weighing its own stablecoin, a sign Wall Street is getting more serious about digital money. Useful infrastructure, yes — but still a regulatory minefield.
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Citigroup says tokenized real-world assets could become a $5.5 trillion market by 2030 in its base case, with a bullish scenario reaching $8.2 trillion. That’s not a niche crypto bet anymore — it’s Wall Street admitting that blockchain-based asset issuance and settlement may become part of the financial system’s core plumbing. $5.5T base case, $8.2T […]
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Citi Sets Up Shop in Riyadh: Wall Street’s Saudi Bet and the Crypto Connection Citigroup has officially opened its regional headquarters in Riyadh, Saudi Arabia, marking a bold step into the kingdom’s financial frontier. This move, alongside other Wall Street titans like JPMorgan Chase and Goldman Sachs, is driven by the lure of Saudi Arabia’s […]
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Ethereum Forecast Soars to $4,500 While Citigroup Trims Bitcoin Target to $133K Citigroup has dropped a bombshell update on the crypto market, boosting its year-end price forecast for Ethereum (ETH) to $4,500 from $4,300, fueled by massive ETF inflows and tech-driven trends like tokenization. Meanwhile, Bitcoin (BTC) takes a slight hit, with its target shaved […]
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Gemini IPO Hits Rough Waters, DeFi Faces KYC Storm, and Trump’s Bitcoin Maneuvers: Crypto Updates for 2025 Gemini’s push for a public listing is mired in financial quicksand with staggering losses, while the U.S. Treasury’s latest moves threaten to slap heavy-handed KYC rules on DeFi. Meanwhile, Trump family-linked ventures are making bold plays in Bitcoin […]
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Wall Street’s Blockchain Gambit: Citigroup, JPMorgan, and Goldman Sachs Lead the Charge Are the titans of traditional finance ready to revolutionize money with blockchain, or are they just chasing the latest shiny object to avoid being left behind? A recent report by Ripple, alongside CB Insights and the UK Centre for Blockchain Technologies, lays bare […]
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Citigroup Projects Stablecoin Market to Surge to $1.6 Trillion by 2030 Citigroup’s Citi Institute foresees a dramatic expansion of the stablecoin market, projecting a total supply of up to $1.6 trillion by 2030 in a base case scenario, potentially reaching $3.7 trillion under more favorable conditions. While this growth heralds new possibilities for global finance, […]
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