The SEC's Blockchain plan will change Wall Street forever

Citi, Goldman Sachs, Bank of America and eighteen other of the world's biggest banks just agreed to build their own stablecoin company, aiming for a dollar token by 2027 and a euro version after that. Scott explains why the detail that matters most is that these tokens will live on public blockchains instead of a private bank network, and why that quietly erases the advantage Circle and Tether spent years building. He also covers a lawsuit accusing Tether of freezing $42 million before a warrant existed, two new SEC pushes on tokenized securities and 24-hour trading, OpenAI's first AI model to cross a critical cyber threshold, and why buying meme coins on a credit card is a terrible idea. Timestamps 00:00 Cold open: Wall Street's biggest banks build their own crypto rival 00:24 Welcome to the Daily Wolf 01:09 ADP's private payroll report: just 38,000 jobs added in August 01:54 Bitcoin trades up despite bond market stress and rate uncertainty 02:18 21 banks and asset managers unveil a joint stablecoin venture 03:44 Public blockchains, not private ones: the detail that matters most 04:42 The stablecoin land grab is erasing Circle and Tether's moat 06:13 Why every bank on the planet wants a piece of this business 06:59 Tether sued over freezing $42.4 million in USDT before a warrant 09:05 The SEC pushes ahead on transfer agents and 24-hour trading 10:40 Welcome to hell, Wall Street: round-the-clock markets are here 11:01 OpenAI's Astra becomes the first AI to cross a critical cyber threshold 12:52 How Not To Invest: buying meme coins with a credit card #DailyWolf #Stablecoin #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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