Trump sides with crypto firms to push stalled crypto regulation through Senate

President Donald Trump accused Wall Street banks of blocking landmark cryptocurrency legislation and urged a deal with the crypto industry to move a stalled Senate market-structure bill. The core dispute revolves around whether exchanges should offer yield-bearing programs on stablecoins, with banks pushing to ban such yields and crypto firms seeking regulatory clarity. The White House is mediating the talks, and Trump privately backed Coinbase’s position after meeting its CEO, signaling support for allowing crypto rewards. While the administration hopes to resolve the disagreement, the bill’s passage remains uncertain as discussions continue past deadlines.