Trump Urges Congress to Advance Crypto Market Structure Bill Amid Delays
President Donald TRUMP used his Davos platform to push for swift passage of the stalled market structure bill, declaring the U.S. as the world's crypto capital. His remarks followed seven failed hearings and Coinbase's withdrawal of support, which forced postponement of Senate Banking Committee markup.
The bill faces opposition over stablecoin provisions, particularly the GENIUS Act clause prohibiting issuer interest payments. Banking groups warn the current language could drain deposits from community lenders, creating systemic risks. Meanwhile, crypto platforms like Coinbase continue offering incentives under the CLARITY Act framework.
Legislative paralysis persists as lawmakers balance innovation against financial stability concerns. The delay comes amid growing institutional crypto adoption, with Bitcoin and ethereum maintaining dominance while newer assets like SOL and DOT gain traction.
