Banks vs. Crypto: Who Will Win the $100M Lobbying War?

Porter said the core dispute is no longer just about whether Congress wants to regulate crypto, but on whose terms. President Donald Trump has publicly backed keeping the GENIUS Act intact, Porter noted, which he described as a positive sign for crypto firms. But he argued that support from the White House does not resolve the deeper standoff with banks, especially around stablecoins and the issue of rewards programs that banks view as a threat to deposits.








