Well-known crypto industry veteran David Sacks recently made a bold prediction at the Davos Forum: once the Market Structure Bill is officially passed, the traditional banking industry will face a major upheaval.

His core point is straightforward— the boundaries between banks and the crypto industry will be completely dissolved. In the future, there will no longer be two separate tracks, but rather a unified digital asset ecosystem. The most obvious impact will be on the stablecoin market: banks will not only participate in stablecoin issuance but also compete for full control over interest payments and operational rights.

It sounds aggressive, but Sacks pointed out a real bottleneck: fragmented regulation. The current regulatory framework faced by banks is far more stringent than that for crypto companies, leading to an imbalance that causes banks to generally adopt a wait-and-see attitude. Once the bill standardizes regulatory standards, this invisible barrier will collapse.

From another perspective, this reflects a deepening trend of integration between traditional finance and digital assets. Regulatory unification is not just policy adjustment; it signifies a redistribution of the entire industry ecosystem. For token holders, this means the future stablecoin ecosystem will become more diverse, but competition will also intensify—after all, traditional giants with a century of history are entering the arena.