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Trump: Will not let banks hinder the progress of cryptocurrency market structure legislation
Mars Finance News: U.S. President Donald Trump stated at a private event for TRUMP Meme coin holders held at Mar-a-Lago in Florida that the White House will not allow banking lobbying groups to undermine the progress of the Digital Asset Market Clarity Act. He said that the crypto industry has entered the mainstream, “the United States is a leader in the crypto space,” and banks should not hinder the establishment of stablecoin and crypto regulatory frameworks. This event was called “the most exclusive conference in the world,” with hundreds of TRUMP coin holders invited to attend. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing legend Mike Tyson. Previously, U.S. banking industry groups expressed concerns that stablecoin reward mechanisms could disrupt traditional deposit business, which had slowed down related legislation.