US President Donald Trump sharply attacked the banking industry in a
Truth Social post on Tuesday evening. He accused banks of undermining the Genius Act and holding the Clarity Act hostage. Trump therefore urged Congress to pass the market structure bill without delay.
The post marks the president's most direct public attack on the banking lobby over crypto policy to date. Trump framed the conflict in geopolitical terms: the crypto industry cannot be taken away from the American people. Inaction plays into China's hands.
