Banking industry opposition stalls landmark crypto bill
Lenders rejected a White House compromise on stablecoin rewards citing deposit flight risks. Trump criticized the move as the bill faces a tight window.
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Negotiations over landmark cryptocurrency legislation in the United States have reached a new stalemate. Major banking institutions have reportedly rejected a compromise proposed by the White House, casting significant doubt on the possibility of the bill passing within the current year. This development has drawn sharp criticism from President Donald Trump, who accused lenders of attempting to sabotage his administration's regulatory priorities.
"We are not going to allow them to undermine our powerful Crypto Agenda."
