President Trump says the GENIUS Act is being "threatened and undermined" by banks, following their opposition to stablecoin yield payouts (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk: President Trump says the GENIUS Act is being“threatened and undermined” by banks, following their opposition to stablecoin yield payouts  —  U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.