USD1

Token

Last mentioned: Mar 4, 2026

Timeline

  1. Trump Intervention

    Trump issues a public threat to banks via Truth Social, demanding passage of the Clarity Act.

  2. Deadline Missed

    The White House deadline for a compromise between banks and crypto firms passes.

  3. Senate Postponement

    The Senate Banking Committee indefinitely postpones the markup for the Clarity Act.

  4. GENIUS Act Signed

    President Trump signs the first major stablecoin framework into law.

Stories mentioning USD1 1

regulation Neutral

Trump Threatens Banks Over 'Hostage' Stablecoin Legislation and Yield Rights

President Donald Trump has launched a public assault on the banking industry, accusing major financial institutions of sabotaging his signature crypto legislation to protect record profits. The conflict centers on the Clarity Act, a market structure bill currently stalled in the Senate over whether crypto platforms can offer yield on stablecoin deposits.

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