President Donald Trump on Tuesday accused the banking industry of holding up landmark cryptocurrency legislation, writing on social media that Wall Street firms “need to make a good deal with the Crypto Industry” to unstick a pending digital asset bill in the Senate.
His post comes as White House officials are working to resolve a lobbying spat between the banking and crypto sectors over whether digital asset exchanges should be able to offer rewards programs that pay yield to users who hold dollar-pegged digital tokens known as stablecoins. The dispute has stalled pending crypto market structure legislation in the Senate.
“The Banks are…
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