- A social media post on Tuesday by Donald Trump urging banks to make a deal with crypto firms on stablecoin yield won’t be enough to unstick CLARITY Act negotiations, said TD Cowen analyst Jaret Seiberg.
- In an investor note sent Wednesday, Seiberg wrote that Trump must get involved in talks directly to help move the bill forward, but believes that’s unlikely while the Middle East conflict continues.
A recent social media post by US President Donald Trump urging banks to cut a deal with the crypto industry so the CLARITY Act can progress won’t be enough to get the legislation moving again, according to Jaret Seiberg, the managing director at investment bank TD Cowen’s Washington Research Group.
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