I believe we are approaching the “all at once” stage. People still fail to realize that the real use case for crypto is infrastructure, while many are still waiting for it to behave like pure software. Once banks have to compete with staking yields, the dynamic becomes self-reinforcing. If one major player adopts it, the rest will likely have no choice but to follow. And beyond yield, the advantages are obvious: faster settlement, stronger security, lower costs, and dramatically higher efficiency. With banks starting to move in and guidance from the CFTC and SEC becoming more constructive, the major liquidity pools are beginning to connect: retail capital, bank deposits, pension capital, and institutional money. New banks are emerging like Erebor focusing on consolidating crypto and banking into one ecosystem. Most people still view crypto through the lens of NFTs, memecoins, and speculative software. But quietly, behind the scenes, it has been maturing into infrastructure. Many are still waiting to see the flashy cars return to the highway, tokens, NFTs, speculation. What they are missing is that the real money is made by owning the highway, and by the thousands of boring cars driving on it every day: stablecoins, RWAs, and tokenization. This is ultimately about the settlement layer of the new financial age. And I believe the U.S. government wants to ensure the United States becomes a leader in this industry as it scales globally.
