Trump: Will Not Allow Banks to Block Crypto Market Structure Legislation

President Trump stated at a private event for TRUMP Meme coin holders held at his Mar-a-Lago estate in Florida that the White House will not allow banking lobbyists to hinder the progress of the crypto market structure bill, the "Digital Asset Market Clarity Act." He claimed the crypto industry has entered the mainstream, saying "America is the leader in the crypto space," and that banks should not obstruct the establishment of a regulatory framework for stablecoins and crypto.

The event was described as "the world's most exclusive meeting," with hundreds of large-scale TRUMP token holders invited to attend. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing legend 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)