Trump Signals Support in Banks-Crypto Bill Clash After Secret Coinbase Meeting
TL;DR Summary
President Trump privately met Coinbase CEO Brian Armstrong before publicly backing the crypto firm’s position in a lobbying clash with banks over a stalled crypto-regulation bill. The dispute centers on whether exchanges can offer yield-bearing rewards on stablecoins, with banks seeking to ban such yields. White House mediation has yet to produce a deal, and the market structure bill remains stalled on Capitol Hill.
- Trump met with Coinbase CEO before bashing banks over crypto bill Politico
- Trump slams banks over crypto bill holdup, urges Congress to pass act ‘ASAP’ The Hill
- Bitcoin is stuck in a rut but JPMorgan says new legislation could be the ultimate spark CoinDesk
- US lawmakers revisit stablecoin yields amid deposit flight concerns The Block
- Trump urges passage of U.S. Clarity Act, attacks banks for 'undercutting' GENIUS CoinDesk
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