President Trump: Banks Are ‘Threatening’ US Crypto Agenda — Demands CLARITY Act Pass ASAP

Former President Donald Trump publicly accused major U.S. banks of actively undermining the country's cryptocurrency agenda by obstructing key legislation, warning that delays risk pushing innovation and talent to rivals like China. Trump specifically demanded that Congress swiftly pass the Digital Asset Market Clarity Act (CLARITY Act), which aims to provide regulatory certainty by assigning oversight of "digital commodities" to the CFTC and tokenized securities to the SEC. The legislative stalemate is largely tied to the GENIUS Act concerning stablecoins, where banks fear that allowing stablecoin issuers to pass yields to users will draw deposits from traditional accounts. Trump framed this as a conflict between entrenched financial interests and the growing digital asset sector, emphasizing that passing the CLARITY Act is in the best interest of the American people to secure U.S. leadership in digital finance.

(Source：CCN)