Cardano founder Charles Hoskinson sharply criticized the proposed "CLARITY Act" (HR 3633) in a recent video, describing it in strongly negative terms and arguing that it would effectively treat all crypto assets as securities, according to CoinBureau. He said this outcome would align with what he called a "wet dream" scenario for a hostile U.S. Securities and Exchange Commission and compared the potential regulatory trap to how the SEC acted previously under Gary Gensler. Hoskinson also noted that JPMorgan believes the bill could be approved this year and cautioned that, if or when Democrats return to power, the environment for the blockchain industry could become significantly more difficult.

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."

The US Senate advanced the bipartisan 21st Century ROAD to Housing Act on Monday, a 303-page housing affordability bill that includes a provision barring the Federal Reserve from issuing a retail central bank digital currency to consumers until 2030, POLITICO reports. The two-page provision prohibits the Board of Governors of the Federal Reserve System and any Federal reserve bank from directly or indirectly issuing or creating a CBDC or substantially similar digital asset via financial institutions or other intermediaries, with the ban set to expire in less than five years. The White House said the Trump administration strongly backs the legislation and advisers would urge the president to sign it in its current form, though the expiry date has drawn criticism from those who argue it weakens Trump's previously stated opposition to a US CBDC and creates uncertainty about the long-term impact of the restriction. Supportive lawmakers have framed the CBDC provision as a response to privacy concerns that such digital currencies could facilitate government monitoring and control of individuals' financial activities, while leaving room for renewed debate after 2030.

Donald Trump urged the U.S. Congress to quickly pass legislation addressing Bitcoin and cryptocurrency market structure. He said lawmakers should approve the bill as soon as possible, emphasizing the need for rapid action on the policy.

U.S. Representative French Hill said Tuesday the Senate should adopt the House-passed Cryptocurrency Market Structure Act to break the impasse over stablecoin yield rules, Odaily Planet Daily reports. The House approved the bipartisan CLARITY Act in 2025, but the bill leaves unresolved whether platforms may offer yield rewards on stablecoins, a question now central to Senate debate. The earlier GENIUS Act bars issuers from paying interest directly to holders but does not prevent third-party platforms such as Coinbase from offering rewards, prompting banks to warn of deposit flight while crypto firms argue yield restrictions would stifle innovation. Hill indicated senators could adopt the House language to advance legislation if yield provisions remain unresolved, and the White House has held meetings with banking and crypto representatives over the past month seeking compromise by early March.

U.S. President Trump said the banking industry is trying to dilute the GENIUS Act, America's first regulatory framework for stablecoin issuance, and urged Congress to move quickly on crypto legislation, ChainCatcher reports. In a Truth Social post, he argued that banks are seeking to steer the legislative process, criticized them for allegedly blocking the government's crypto agenda while reporting record profits, and warned that without timely regulation, the United States could lose crypto advantages to countries such as China. Congress is currently reviewing the CLARITY Act, which aims to define how the SEC and CFTC divide oversight of the crypto sector, after the bill received bipartisan backing in the House last year. Banks are lobbying to revise GENIUS Act language on stablecoin yields, arguing interest-bearing stablecoins might draw deposits away from traditional banks, while Trump called for reasonable compromise with the crypto industry.

CFTC Chair Michael Selig said he supports Donald Trump's call to advance the Clarity Act, stating it is critical to establish a futureproof digital asset market structure. Selig's endorsement highlights regulatory focus on how U.S. rules will govern the evolving digital asset market under the proposed legislation.

CFTC Chair Mike Selig said crypto market structure legislation "must pass," emphasizing the urgency of action by policymakers. He added that "it's critical we have a futureproof digital asset market structure in place," underscoring the need for a regulatory framework to support long-term development of digital asset markets.

President Donald Trump called on Congress to immediately approve comprehensive cryptocurrency market structure legislation, MSB Intel reports. Trump said the administration "is not going to allow" the legacy financial system to obstruct what he described as a market transition, warning that continued delays by banks could result in the entire crypto industry "going to China." The White House was cited as fully backing what it called "our powerful crypto agenda" to support American financial dominance.