Ken Griffin has suggested that former President Donald Trump should adopt a 'regulation light' approach to cryptocurrency. This comes as Wall Street's major banks, previously hesitant about the crypto market, are now positioning themselves to serve crypto businesses amid shifting U.S. regulations. Analysts predict that Trump's pro-crypto policies could lead to an increase in initial public offerings (IPOs), stock sales, and convertible bonds, creating new profit avenues for these financial institutions. In addition, bipartisan legislation regarding stablecoins is emerging in Congress, aiming to impose strict controls on issuers, enforce reserve requirements, and limit the involvement of large tech companies like Facebook and Google. The Federal Reserve is expected to provide oversight in this area, indicating a potential transformation in the stablecoin landscape and broader financial interactions in the U.S.