Trump Criticizes Banks Over Crypto Agenda Obstruction

President Trump's latest social media post has reignited debate over stablecoin regulation, with the President accusing banks of undermining his crypto agenda.

The GENIUS Act, which prohibits direct interest payments from stablecoin issuers to holders but permits third-party platforms to distribute yield, is at the center of the dispute. Despite hosting White House meetings between crypto firms and banks to negotiate a compromise, progress has yet to be made.

The ongoing conflict represents a broader debate over financial regulation in the US and may redefine America's role in global crypto leadership.