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President Trump says the GENIUS Act is being "threatened and undermined" by banks, following their opposition to stablecoin yield payouts (Nikhilesh De/CoinDesk) from Techmeme RSS feed.
President Trump says the GENIUS Act is being "threatened and undermined" by banks, following their opposition to stablecoin yield payouts (Nikhilesh De/CoinDesk)
Nikhilesh De / CoinDesk:
President Trump says the GENIUS Act is being “threatened and undermined” by banks, following their opposition to stablecoin yield payouts — U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.