President Donald Trump accused US banks of threatening the GENIUS Act and holding the CLARITY Act hostage, escalating a months-long standoff between the banking and crypto industries over stablecoin yield. The clash threatens to derail the CLARITY Act before the 2026 midterms, leaving the US crypto regulatory framework incomplete at a critical moment. Trump Takes Aim at Banks Over Stablecoin Yield Fight In a Truth Social post on Tuesday, Trump said the GENIUS Act — the landmark stablecoin law he signed last July — “is being threatened and undermined by the Banks,” and called on Congress to pass market structure legislation immediately. “Americans should earn more money on their money
source: https://beincrypto.com/trump-attacks-banks-over-stablecoin-yield-clarity-act-standoff/