Trump warns GENIUS stablecoin law faces bank opposition; Visa and Stripe expand card product to 100+ countries

Donald Trump said the GENIUS stablecoin law is being "threatened" by banks as Congress remains gridlocked on a market structure bill, while Rep. French Hill called on the Senate to consider the House's crypto legislation and TD Cowen analysts argued banks are likely to lose their battle over stablecoin yield. Visa and Stripe announced plans to roll out their stablecoin card issuance product to more than 100 countries, Crypto[dot]com introduced a US-based individual retirement account combining stocks and cryptocurrencies in one tax-advantaged account, and PayPal USD was selected to help expand TCS Blockchain's onchain trade-financing platform for the trucking sector. The CFTC signaled an upcoming rulemaking push on prediction markets, a16z Crypto updated its Jolt zkVM while criticizing loose industry use of the "ZK" label, YZi Labs invested $100 million in Hash Global's BNB-focused fund, and onchain data show the US government shifted about $23,000 in bitcoin from a wallet linked to funds seized from Miguel Villanueva. Coinbase CEO Brian Armstrong said SocialFi features in the Base App "didn't quite work," analysts lifted Circle's price target citing views that oil prices and interest-rate expectations could bolster stablecoin trading, and Ethereum cofounder Vitalik Buterin urged developers to build "sanctuary tech" instead of copying companies such as Apple or Google.