Donald J. Trump has stated that banks are attempting to undermine the "GENIUS Act" and impede the progress of related cryptocurrency policies, deeming this unacceptable. He has urged the United States to expedite market structure legislation and pass the "Clarity Act." Trump emphasized that the GENIUS Act is a crucial step for the U.S. to become a global crypto hub, while the Clarity Act would provide essential regulatory certainty for the industry. He further accused banks of obstructing crypto policy despite record profits. Trump warned that failure to advance such legislation could lead the crypto industry to relocate to countries like China and called for collaboration between banks and the crypto sector.

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