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Trump calls bank pushback on GENIUS, CLARITY crypto bills "unacceptable"

Trump said it is "unacceptable" for banks to undermine the GENIUS Act or hold the CLARITY Act "hostage" as Senate progress on key cryptocurrency legislation has stalled in recent weeks. The dispute centers on a regulatory framework for stablecoins outlined in the GENIUS Act, with banking and crypto sectors seeking to resolve differences. Trump urged banks to reach a favorable deal with the crypto industry, adding that such an agreement would serve the American people's best interests and that the industry should not be taken away "when it is close to becoming truly successful."
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