Donald J. Trump has criticized banks for attempting to weaken the GENIUS Act and obstruct related cryptocurrency policies, calling such actions unacceptable. He urged the U.S. to expedite market structure legislation and pass the Clarity Act, which he believes are crucial steps for the U.S. to become a global crypto hub. Trump emphasized that the Clarity Act would provide further regulatory clarity for the industry.
He accused banks of trying to block crypto policies despite record profits, warning that failure to advance these legislations could drive the crypto industry to countries like China. Trump called for cooperation between banks and the crypto sector to ensure progress.
Trump Criticizes Banks for Hindering Crypto Legislation
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