Talks over landmark U.S. cryptocurrency legislation have hit a fresh impasse after major banks rejected a compromise brokered by the White House, casting uncertainty over whether the bill will pass this year. The stalemate has drawn criticism from President Donald Trump, who accused financial institutions of trying to undermine the effort. Trump, whose family is well invested in digital assets and bitcoin, posted on Truth Social: “We are not going to allow them to undermine our powerful Crypto Agenda.” He added that banks “need to make a good deal with the Crypto Industry” to advance legislation that he says is in the public interest. The stalled legislation, known as the CLARITY Act, follows...
Talks over landmark U.S. cryptocurrency legislation have hit a fresh impasse after major banks rejected a compromise brokered by the White House, casting uncertainty over whether the bill will pass this year. The stalemate has drawn criticism from President Donald Trump, who accused financial institutions of trying to undermine the effort. Trump, whose family is well invested in digital assets and bitcoin, posted on Truth Social: “We are not going to allow them to undermine our powerful Crypto Agenda.” He added that banks “need to make a good deal with the Crypto Industry” to advance legislation that he says is in the public interest. The stalled legislation, known as the CLARITY Act, follows...
