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Techub News reports that, according to Bitcoinist, Trump stated during a meeting with TRUMP token holders that as President, he has a duty to ensure the good development of all industries, including cryptocurrencies, and promised to sign the CLARITY Act immediately after Congress passes it. A total of 297 top token holders attended this closed-door meeting.
At the time of the meeting, the CLARITY Act was still stalled in the Senate, and there were disagreements between banks and the cryptocurrency industry over the stablecoin yield provisions. Previously, the White House Economic Advisory Council reported that stablecoin yields would not harm bank interests. Currently, the TRUMP token price has fallen over 90% from its all-time high, now trading at approximately $2.56.