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.