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Quick staking, earn potential new tokens
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Customized wealth management empowers your assets growth
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Use USDT/USDC to mint GUSD for treasury-level yields
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Former U.S. President Donald Trump publicly criticized banks for trying to undermine the proposed Genius Act@E5@ on Truth Social not long ago, after a private meeting with Coinbase CEO Brian Armstrong. Trump stated that the U.S. needs to clarify the cryptocurrency market structure as soon as possible and accused banks of trying to block this legislation. He also warned that if the legislation is not passed, other countries could benefit. After the meeting, Trump publicly supported Coinbase's lobbying stance against banks. Currently, the Market Structure Act remains stalled, with banks arguing that stablecoin yields could affect deposits, while cryptocurrency supporters counter that the Genius Act@E5@ explicitly prohibits issuing institutions from engaging in high-risk lending activities.