Trump Urges Congress to Move on Crypto Rules Amid Banking Clash

President Donald Trump urged Congress to finalize U.S. cryptocurrency market-structure legislation and to pass the Clarity Act, saying the rules should be settled quickly to prevent the sector from shifting abroad and to protect the U.S. crypto agenda ^[1][3][4].

Trump accused the banking industry of trying to undermine the stablecoin bill and criticized banks for 'undercutting' efforts to advance crypto legislation, remarks he shared on Truth Social and in public statements tied to the Clarity Act negotiations ^[4][2].

Lawmakers' talks have stalled in part over whether crypto firms should be allowed to offer yield on stablecoins — a point of contention that has delayed key negotiations and exceeded a White House March 1 deadline, according to reporting and insider accounts ^[1][2][3].

With lawmakers still split on stablecoin yield provisions and the banking sector publicly criticized by the president, the timetable for resolving the Clarity Act remains uncertain as negotiations continue ^[1][4].