PANews reported on January 21 that, according to CoinDesk, White House cryptocurrency and artificial intelligence advisor David Sacks stated that once new market structure legislation is passed, the US banking industry will widely adopt cryptocurrencies, especially stablecoins. He predicts that the boundaries between the banking and crypto industries will disappear, eventually merging into a single "digital asset industry."

Sacks points out that many large banks are currently taking a wait-and-see approach due to the lack of clear rules, but legislation will provide a clear framework for institutional participation. He believes banks may view issuing stablecoins as a way to provide revenue and compete with fintech companies. Although the banking industry is currently lobbying against allowing companies to offer stablecoin revenue, Sacks expects banks will tend to use stablecoin business to pay for revenue in the future.