Wall Street Breakfast Banking titans in early talks for shared stablecoin
May 23, 2025
Big banks are considering a revolutionary joint stablecoin to reshape the financial landscape. Meanwhile, Microsoft has successfully navigated regulatory hurdles related to its massive Activision deal. In a different realm, Disney is battling YouTube over hiring disputes involving a former executive. The podcast also highlights concerning trends in global financial markets, with talks of looming instability.
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Banks Eye Joint Stablecoin
- Major U.S. banks are exploring a joint stablecoin issuance to leverage crypto collaboration.
- This initiative depends on regulatory frameworks like the Genius Act and the demand for stablecoins.
FTC Drops Microsoft Lawsuit
- The FTC withdrew its lawsuit against Microsoft's $68.7 billion Activision acquisition after losing an appeal.
- This ends nearly two years of regulatory resistance, allowing the deal to proceed.
Disney Challenges YouTube Hire
- Disney filed a lawsuit to block YouTube from hiring executive Justin Connolly due to contractual breaches.
- Connolly recently stepped down from Disney ahead of its ESPN streaming launch.