Donald Trump Blasts Banks, Urges CLARITY Act Passage

U.S. President Donald Trump has accused the traditional banking lobby of undermining the GENIUS Act and holding the CLARITY Act “hostage” to protect their profits, injecting himself directly into the legislative battle over stablecoin yields. The intervention marks a significant escalation in the fight over whether crypto platforms can offer interest-like rewards on stablecoins, a practice banks argue will trigger a …