Speaking at Bitcoin 2026 in Las Vegas, American Bitcoin co-founder Eric Trump declared that the last six months represent a turning point for the asset — and that its best days are happening now, not ahead. "What bitcoin has done in the last six months relative to the previous three years is transformational," he said. Trump cited the convergence of record ETF launches, major corporate treasuries, and banks like Charles Schwab and Morgan Stanley now offering bitcoin exposure to clients — including bitcoin-backed mortgages — as proof that Wall Street has fully changed its stance. Bloomberg ETF analyst Eric Balchunas noted that bitcoin ETFs have become among the most successful product launches in the instrument's history. Trump also disclosed that the U.S. government holds 300,000 BTC and has no plans to sell, and that American Bitcoin is mining and holding every coin it produces. "We are compressing bitcoin," he said. "There is a limited supply."
Every major asset class matures the same way — bilateral trading gives way to regulated wholesale venues, intermediaries aggregate liquidity, and post-trade processes standardize. TP ICAP, the world's largest interdealer broker with roots going back to 1866, says crypto has entered that phase. Through its Fusion Digital Assets platform, TP ICAP operates a matched principal model — standing between buyer and seller on every trade without taking directional risk — the same structure it uses across $200 trillion in annual notional volumes in rates, FX, credit, and commodities. "You can face TP ICAP," said Duncan Trenholme, global co-head of digital assets. "That simplifies the market structure and dramatically reduces the number of bilateral relationships clients need to manage."
The Federal Reserve voted 8–4 to hold rates at 3.50%–3.75% at what is expected to be Jerome Powell's last FOMC meeting as chair. Three dissenters wanted the easing bias stripped from the statement — a warning shot to incoming chair Kevin Warsh about the committee's appetite for cuts. One member wanted an immediate 25bps cut. Powell confirmed he will remain on the Fed board after his chairmanship ends May 15, citing unresolved DOJ legal threats. "The things that have happened really in the last three months have left me no choice but to stay until I see them through," he said. Warsh's nomination cleared the Senate Banking Committee on the same day, setting up a full Senate confirmation vote.
