Trump Escalates Pressure on Banks Over Stalled CLARITY Act
Former President Donald TRUMP has intensified his criticism of major financial institutions, accusing them of obstructing the CLARITY Act in a Truth Social post. The legislation, which cleared the House with bipartisan backing, aims to create the first federal framework for digital asset markets by clarifying regulatory roles between the CFTC and SEC.
Trump framed the delay as a threat to U.S. competitiveness, specifically citing China's advancing crypto infrastructure. His remarks coincide with growing institutional interest—JPMorgan analysts note the bill could unlock billions in pension fund and asset manager allocations currently sidelined by regulatory uncertainty.
The Banking Committee stalemate enters its eighth week as industry observers watch for Ripple effects across crypto-native tokens and traditional finance crossover assets.
