According to Politico, U.S. President Donald Trump held a private meeting with Coinbase CEO Brian Armstrong on Tuesday and subsequently publicly supported the company's stance in the controversy over stablecoin yield programs. After the meeting, Trump stated on social media that banks "need to strike a good deal with the crypto industry" to advance digital asset legislation, adding that banks are "threatening and undermining" recently passed crypto laws. The controversy centers on whether cryptocurrency exchanges should be allowed to offer annualized yield programs to customers holding stablecoins. Wall Street organizations have warned that allowing stablecoin-like yield payments could lead customers to withdraw funds from bank accounts, threatening lending activities critical to the economy.