Free Banking 2.0 Is Here:
Why the U.S. Is Going All-In on Stablecoins and Bitcoin
Something big just happened.
The U.S. government — after years of downplaying or regulating crypto into corners — has now gone all in.
President Trump just signed an executive order creating a Strategic Bitcoin Reserve and launching a U.S. Digital Asset Stockpile.
And Treasury Secretary Scott Bassett made the strategy crystal clear:
“We are going to put a lot of thought into the stablecoin regime, and as President Trump has directed, we are going to keep the US [dollar] the dominant reserve currency in the world, and we will use stablecoins to do that.”
That’s not a minor shift. That’s the financial equivalent of switching tracks on a bullet train.
Let’s break down what it all means — and how you can position yourself in what might be the most important monetary shift of our lifetime.
💸 Why the U.S. Flipped Its Script on Crypto
There’s one big reason:
The U.S. dollar is under siege.
Here’s what Washington is seeing:
🏦 Runaway inflation at home continues to devalue the dollar.
🌐 Global trade is shifting away from USD toward regional blocs.
🇨🇳 China is pushing the e-CNY, its state-backed digital currency, to sidestep U.S. sanctions.
🤝 BRICS countries are building alternative financial rails and dollar-free commodity markets.
So what’s the counterpunch?
If other governments are leaving the dollar…
Let the people of the world hold digital dollars — no matter where they are.
Enter stablecoins.
🧮 Stablecoins: The Trojan Horse for Dollar Hegemony
Today, over 95% of all stablecoins are already pegged to the U.S. dollar — but here’s the twist:
They’re mostly issued by private entities, not American banks.
USDC? Issued by Circle.
USDT? Issued by Tether, an offshore company.
That’s what Trump’s order aims to fix.
The new vision: American banks should issue dollar-backed stablecoins — under strict regulation and federal oversight.
This vision is already moving fast:
✅ March 7, 2025: The White House hosted the Digital Assets Summit, bringing together crypto executives, bank leaders, and policymakers.
✅ The STABLE Act: Requires stablecoin issuers to hold 1:1 reserves in U.S. Treasuries or physical cash.
✅ The GENIUS Act: Grants banks authority to issue stablecoins under oversight by the Office of the Comptroller of the Currency (OCC).
✅ Treasury + OCC: Directed to rescind all previous anti-crypto guidance and replace it with a clear stablecoin integration framework.
Trump is pushing Congress to have legislation on his desk by August.
“We want digital dollars issued by American banks, not foreign companies and not radical bureaucrats.” — Trump, via Bloomberg
🏦 Free Banking 2.0 Is Coming
If all of this feels vaguely familiar, you’re not wrong.
In the Free Banking Era (1837–1863), any chartered bank in the U.S. could issue its own currency, often backed by gold or silver. The best banks thrived, while the shadiest ones collapsed.
That competitive model is quietly returning — but this time, on blockchains, led by my friend Caitlin Long and her 7-year long fight to lead us into this free market at Custodia Bank in Wyoming.
Expect a new era where:
JPMorgan uses JPM Coin to settle billions daily.
Wells Fargo introduces tokenized deposit systems.
Smaller banks compete with low-fee, transparent digital dollar platforms.
If your stablecoin has full reserves, fast settlement, and regulatory clarity — it becomes trusted money. We’re entering a new age where trust is once again earned, not assumed.
📈 What This Means for You
This isn’t just policy theater—it will directly impact how you earn, spend, save, and invest.
Here’s what to expect:
🏦 Better Banking Options
Competing bank-issued stablecoins = better interest rates, faster payments, and real customer service.
🔐 More Secure Digital Dollars
Say goodbye to opaque offshore stablecoins. These will be fully audited, reserve-backed, and U.S.-regulated.
🌎 Instant Borderless Payments
Money can move globally in seconds — no middlemen, no SWIFT delays, no weekend shutdowns.
💡 More Financial Freedom
Users will have real choices over where to store value, which will create pressure for innovation in the banking sector.
🟠 But What About Bitcoin?
Here’s where things get interesting.
Trump’s executive order didn’t just mention stablecoins. It also officially launched the Strategic Bitcoin Reserve.
This wasn’t by accident.
While stablecoins are programmable dollars built for speed and control…Bitcoin is pure monetary sovereignty.
Bitcoin gives you:
No intermediaries
No centralized control
No inflation
No transaction borders
No banking approval required
Let’s put that in context:
That’s a 100x gain in real estate purchasing power using Bitcoin.
When the dollar loses value year after year, Bitcoin doesn’t flinch. It compounds.
💥 The Bottom Line
We’re not waiting for the future of money. It’s already here.
Two parallel systems are emerging:
The New Digital Dollar Regime
Backed by banks
Regulated by the states
Integrated into commerce
The Bitcoin Sovereignty System
Controlled by no one
Permissionless
Borderless, decentralized, and fixed in supply
You don’t have to pick sides — but you do need to position yourself. If you’re not actively building a strategy around this seismic shift, you may end up reacting to it instead.
💡 Want to stay ahead of this transformation?
Join Wealth Matters 3.0 — our growing community of investors, operators, and freedom-focused builders who refuse to get left behind.
Every week, we break down:
Hidden trends driving macro finance το discuss with your advisors
Tactical plays to preserve and grow your capital in alternative asset classes
Real systems for wealth, health, and sovereignty in a digitized world
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This isn’t just a newsletter — it’s a signal.
Let’s build the future together.
—
Chris J. Snook