The article argues that banks aren't being disrupted by fintech but are instead becoming marginalized as new financial entities emerge. It explains how traditional banking models are breaking down, leading to the rise of shadow banks and fintechs that optimize different aspects of financial services.

This article discusses ongoing efforts in the U.S. Congress to pass significant crypto legislation, including a market structure bill that aims to clarify the regulatory status of various digital assets. Key issues delaying progress include stablecoin yield, conflicts of interest, and the regulation of decentralized finance (DeFi).

European tokenization firms are pressing EU lawmakers to amend the DLT Pilot Regime, citing asset limits and licensing issues that hinder growth. They warn that without swift changes, Europe risks falling behind the US in tokenization and settlement capabilities.