President Trump used his Truth Social platform on Tuesday to criticize the banking industry for obstructing cryptocurrency regulation. {tweet} He claimed banks are jeopardizing the GENIUS Act — the stablecoin legislation he enacted in July — while attempting to prevent passage of the CLARITY Act, a comprehensive crypto market structure bill stuck in the Senate. “The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda,” Trump declared. The GENIUS Act establishes regulatory frameworks for stablecoins while prohibiting issuers from offering direct yield payments ... (full story)