Former President Donald Trump publicly supports cryptocurrency companies and has engaged in a debate with American banks over stablecoin yields, urging banks to reach an agreement with the crypto industry for the benefit of the American people. This stance has put pressure on Congress to expedite the stalled Clarity Act, which is a companion bill to last year's Genius Act aimed at establishing a stablecoin framework. Major banks warn that such yields could lead to trillions of dollars in deposits fleeing and may undermine the stability of the banking industry.