Trump Accuses Major U.S. Banks of Blocking GENIUS Act and Stalling Clarity Act

Donald J. Trump alleged on Truth Social that several major U.S. banks are threatening and undermining the GENIUS Act, which he described as America's first major move toward becoming the "Crypto Capital of the World." He claimed these banks, despite reporting record profits, are also holding the Clarity Act hostage, referring to the pending digital asset market structure bill. Trump called for rapid passage of the Clarity Act to provide regulatory clarity for digital assets, help Americans earn more money on their money, and reduce the risk of the crypto industry shifting to China and other jurisdictions.