U.S. banks and financial institutions have expressed concerns over a loophole in the GENIUS Act related to stablecoins, which was signed into law by President Donald Trump. The Bank Policy Institute and other banking groups have urged Congress to close provisions allowing exchanges and affiliated companies to pay interest on staked stablecoins, warning that this could trigger a potential $6.6 trillion shift away from traditional bank deposits. This deposit flight risk could force banks to offer more competitive savings rates. Meanwhile, President Trump issued an executive order aimed at preventing politicized banking practices, particularly targeting discrimination against clients based on political or religious grounds. While the order has been praised by some as a step to protect Americans' access to financial services, sources indicate it may create regulatory uncertainty and administrative challenges for banks. Additionally, fintech and crypto industry leaders have called on Trump to oppose high consumer data access fees, emphasizing the importance of safe and reliable banking on-ramps for digital asset innovation. A coalition of banks, consumer advocates, and state regulators has also urged the Senate Banking Committee to amend parts of the GENIUS Act, citing concerns over unprecedented changes to money transmitter laws.