Trump Calls for Protecting the U.S. Cryptocurrency Industry, Criticizes Banks for Obstructing Related Legislation

CycleProphet · 2026-03-04T00:20:56+00:00

Trump criticized banks on social media for trying to block the Genius Act and the Clarity Act, emphasizing their importance to the U.S. cryptocurrency industry, warning of potential loss to countries like China, and calling for banks to collaborate with the crypto industry to protect American interests.

CycleProphet

2026-03-04 00:20:56

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Deep Tide TechFlow News, March 4th, Donald Trump posted on the Truth Social platform, strongly criticizing banking institutions for attempting to undermine the Genius Act and obstruct the passage of the Clarity Act. He stated that these bills are crucial to ensuring the United States becomes the “cryptocurrency capital” and warned that if no action is taken, the industry could move to China and other countries. Trump urged banks to reach an agreement with the cryptocurrency industry, emphasizing that this is in the best interest of the American people, and called for swift market structure reforms to allow “Americans to get more benefits from their funds.”

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