Trump: Banks Will Not Be Allowed to Obstruct Crypto Market Structure Legislation

Odaily Planet Daily News: U.S. President Trump stated at a private event for TRUMP Meme coin holders held at Mar-a-Lago in Florida that the White House will not allow banking industry lobbying groups to undermine the progress of the crypto market structure bill, the "Digital Asset Market Clarity Act." He said the crypto industry has entered the mainstream and that "the U.S. is a leader in the crypto space," emphasizing that banks should not obstruct the establishment of stablecoin and crypto regulatory frameworks.

The event was described as the "world's most exclusive meeting," with hundreds of major TRUMP token holders invited. Attendees included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had expressed concerns that stablecoin reward mechanisms could impact traditional deposit businesses, which had slowed down the related legislative process. (CoinDesk)