Trump Urges Swift Passage of Crypto Market Structure Bill Amid Banking Opposition
President Donald Trump has escalated pressure on Congress to pass the stalled CLARITY Act, a comprehensive crypto market structure bill facing resistance from the banking sector. In a Truth Social post, Trump accused banks of undermining both the CLARITY Act and the previously enacted GENIUS Act, which governs stablecoins.
The legislative impasse centers on disputes over stablecoin rewards provisions, with TRUMP warning that delays could cede America's crypto leadership to China. "Americans should earn more money on their money," Trump asserted, framing the issue as financial empowerment versus institutional obstruction.
Financial institutions reporting record profits face presidential criticism for allegedly blocking digital asset innovation. The confrontation highlights growing tensions between traditional finance and crypto advocates as regulatory frameworks take shape.
