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Trump sides with crypto firms in stablecoin dispute – DL News

Trump sides with crypto firms in stablecoin dispute – DL News

  • Donald Trump lashed out at banks over their opposition to stablecoin yield on Tuesday.
  • The president said their opposition was jeopardizing his crypto agenda.
  • “Americans should earn more money on their money,” he wrote.

US President Donald Trump on Tuesday sided with the crypto industry in its monthslong dispute with banks over stablecoin yield.

That row has threatened to derail negotiations over the Clarity Act, a bill that would create a long-sought regulatory framework for cryptocurrencies in the US.

“Americans should earn more money on their money,” Trump wrote on his social media platform, Truth Social.

“The Banks are hitting record profits, and we are not going to allow them to undermine our powerful crypto agenda that will…

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