Trump Blasts Banking Sector for Blocking Cryptocurrency Legislation Progress

IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NEW YORK TIMES *IRAN INTEL MINISTRY REACHED OUT INDIRECTLY TO CIA: NYT - BBG *IRAN OPERATIVES MADE OFFER TO DISCUSS TERMS FOR ENDING WAR: NYT *NYT CITES OFFICIALS BRIEFED ON THE IRANIAN OUTREACH TO THE CIA *US OFFICIALS SKEPTICAL ABOUT READINESS FOR IRAN OFFRAMP: NYT

President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over whether they can offer interest-like returns on stablecoins. Trump, in a social media post late Tuesday, ratcheted up pressure on banks to relent on the stablecoin yield issue. That’s the key point of contention holding up passage in Congress ...

The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it. The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money. The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of. The Genius Act was the U.S.A.’s first big step to make the United States the Crypto Capital of the World, and getting The Clarity Act done is the next step to finish the job and, most importantly, keep this big and powerful Industry in our Country. The Banks should not be trying to undercut The Genius Act, or hold The Clarity Act hostage. They need to make a good deal with the Crypto Industry because that’s what’s in best interest of the American People. This Industry cannot be taken from the People of America when it is so close to becoming truly successful. Thank you for your attention to this matter! President DONALD J. TRUMP