🌟✨️💥 Eric Trump Blasts Banks Over Stablecoin Yield Lobbying, Calls It "Anti-American"
Eric Trump, co-founder of World Liberty Financial, took aim at JPMorgan, Bank of America, and Wells Fargo on X this week, accusing them of spending millions to block stablecoin yields while protecting their own margins.
His core argument rests on the fact that banks earn over 4% from the Fed, pay depositors 0.01–0.05% APY, and are now lobbying hard to stop crypto platforms from offering 4–5% yields to customers. "Anti-retail, anti-consumer, and straight-up anti-American," he wrote.
President Trump echoed the frustration, warning banks against undermining the GENIUS Act or holding the CLARITY Act "hostage." The CLARITY Act passed the House with bipartisan support in July 2025 and aims to clarify SEC and CFTC oversight of digital assets, but it stalled in the Senate Banking Committee after missing the White House's March 1 compromise deadline.
Mid to late March is now being floated for potential markup sessions. Can Congress move before election-year politics take over?
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🇺🇸👀 FDIC, the Federal Reserve and the OCC jointly issued guidance clarifying the capital treatment of tokenized securities under bank capital rules. The agencies stated that eligible tokenized securities should generally receive the same capital treatment as their non-tokenized equivalents, emphasizing that the regulatory framework is #technology neutral and that the #use of distributed ledger #technology does not generally affect capital treatment. #Regulation
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