1. Significant shift in the Fed's stance.

Fed official Christopher Waller stated that the Fed no longer views cryptocurrencies as a threat to the financial system, but rather as a core component of the future payment system.

Propose the concept of "Streamlined Master Account" to allow non-bank payment companies and stablecoin issuers to more directly access the Fed payment system, improving efficiency and reducing costs.

Emphasizing "embracing disruption, not avoiding it" indicates a historic shift in the regulatory attitude towards DeFi and crypto payments.

🤖 2. AI and the Era of "Agent Business"

ARK Invest founder Cathie Wood believes that:
The AI-driven "Agent Payment System" will usher in the "Agent Business Era". AI can not only "know" but also "execute"—automatically making financial decisions on behalf of users.
The combination of AI and blockchain is expected to unleash tremendous productivity, with the annual GDP growth rate in the United States potentially reaching 7% in the next five years.

🔗 3. Integration of Traditional Finance and DeFi

The first thematic group of the conference, "Connecting TradFi and DeFi," gathered executives from institutions such as Chainlink, Coinbase, Google, BlackRock, and JPMorgan.

They discussed:
Interoperability (Integration of Cross-Chain and Traditional Systems)
The compliance mechanism of stablecoins and tokenized deposits
The application of AI in payments, risk control, and automated settlement.

All parties agree that the future payment infrastructure will be an AI + blockchain native intelligent system.

💵 4. The New Landscape of Stablecoins and the Banking System

The Fed hopes to allow stablecoin issuers and crypto payment institutions to connect more directly to the payment network through a "streamlined master account."

Bank executives acknowledge that the current system is fragmented and inefficient, but believe that stablecoins and tokenized deposits will be key tools for solving cross-border payments and optimizing liquidity.

Multiple parties have proposed the concept of **"Regulated DeFi"**, which will allow DeFi protocols to operate within a compliance framework in the future.

🌐 5. Significance of the Meeting

This is the Fed's first direct acknowledgment of the core position of DeFi, AI, and stablecoins in the future financial system.

The meeting marks a shift in the U.S. regulatory attitude from prevention to cooperation.

Industry Consensus:
"AI + Blockchain + Stablecoin" will jointly reshape the future payment and settlement system.