RE: LeoThread 2026-03-05 16-42
You are viewing a single comment's thread:
Crypto Legislation Stalls in Washington as Banks, White House Clash Over Stablecoin Yields
U.S. crypto legislation has hit a fresh impasse after major banks rejected a compromise brokered by the White House.
Talks over landmark U.S. cryptocurrency legislation have hit a fresh impasse after major banks rejected a compromise brokered by the White House, casting uncertainty over whether the bill will pass this year.
The stalemate has drawn criticism from President Donald Trump, who accused financial institutions of trying to undermine the effort.
Trump, whose family is well invested in digital assets and bitcoin, posted on Truth Social: “We are not going to allow them to undermine our powerful Crypto Agenda.” He added that banks “need to make a good deal with the Crypto Industry” to advance legislation that he says is in the public interest.
Trump calling out the banks on this? Bold move, especially with his crypto ties. But if yields are the sticking point, wonder if DeFi could sidestep the whole mess and let stablecoins thrive without 'em.