Trump Presses Congress To Pass Crypto Market Structure Bill ‘ASAP’

bitcoinistОпубликовано 2026-03-04Обновлено 2026-03-04

Введение

President Donald Trump has publicly urged Congress to pass the CLARITY Act, a comprehensive crypto market structure bill, "ASAP." In a Truth Social post, he accused the banking industry of undermining both the pending legislation and the previously signed GENIUS Act, which deals with stablecoins. Trump warned that failure to pass the bill could cede U.S. leadership in crypto to other countries like China and argued that Americans should benefit from the financial opportunities digital assets provide. He called for cooperation between banks and the crypto industry. Legislative progress on the bill has stalled due to disputes between these groups, with a key Senate committee now targeting a markup session for late March.

President Donald Trump has publicly addressed the legislative impasse surrounding the CLARITY Act, the long-debated crypto market structure bill that has yet to reach his desk for final approval.

The delay, according to ongoing discussions in Washington, stems largely from disagreements between the banking industry and crypto representatives, particularly over provisions tied to stablecoin rewards.

Trump Says Banks Threaten Stablecoin Law

In a post shared Tuesday on Truth Social, Trump sharply criticized the banking sector, accusing it of attempting to weaken both the broader crypto framework and a separate stablecoin measure he signed into law last year — the GENIUS Act.

“The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump wrote. He argued that passing comprehensive market structure legislation is urgent, adding, “The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money.”

The President also claimed that financial institutions, despite reporting record profits, are working against policies designed to expand opportunities within the digital asset sector.

Trump warned that failing to finalize the CLARITY Act could weaken America’s position in the global crypto race. “We are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of,” Trump stated.

Calls For Banking-Crypto Cooperation

Trump further urged the banking sector to reach constructive agreements with the crypto industry, arguing that collaboration would serve the best interests of American consumers and businesses alike.

“This Industry cannot be taken from the People of America when it is so close to becoming truly successful,” he wrote, closing his message with a call for attention to the issue.

Legislatively, progress on the CLARITY Act has been uneven. The Senate Agriculture Committee advanced its portion of the bill in January of this year. However, broader movement has stalled.

The Senate Banking Committee had initially scheduled a markup in January, but that session was canceled amid the same disputes between banking representatives and crypto advocates that continue to complicate negotiations. The committee is now reportedly targeting a new markup date in mid-to-late March.

The daily chart shows the total digital asset market cap at $2.3 trillion as of this writing. Source: TOTAL on TradingView.com

Featured image from OpenArt, chart from TradingView.com

Связанные с этим вопросы

QWhat is the name of the crypto market structure bill that President Trump is urging Congress to pass?

AThe CLARITY Act.

QAccording to Trump, which industry is threatening and undermining the GENIUS Act?

AThe banking industry.

QWhat is one of the main reasons for the legislative delay of the CLARITY Act as mentioned in the article?

ADisagreements between the banking industry and crypto representatives, particularly over provisions tied to stablecoin rewards.

QWhat did Trump warn could happen to America's position in the global crypto race if the CLARITY Act is not finalized?

AIt could weaken America's position, and the crypto agenda could go to China and other countries.

QWhich Senate committee had initially scheduled a markup for the bill in January but canceled it?

AThe Senate Banking Committee.

Похожее

Will the Next Crypto Bull Run Start with On-Chain Trading of SpaceX?

This article presents a scenario-based forecast for the crypto industry from 2026 to 2029, arguing that the next major cycle will be driven not by technological narratives but by legal access to real-world assets. The author predicts that by mid-2026, pre-IPO perpetual contracts for top private companies like SpaceX, OpenAI, and Anthropic on platforms like Hyperliquid will become the primary gateway for accessing quality assets, as most crypto-native tokens fail to capture real value. The much-hyped AI x Crypto intersection largely fails except for prediction markets, which thrive on betting on AI model supremacy. By 2027, public blockchain foundations are forced to choose between catering to retail speculation or building compliant infrastructure for institutions, with many opting for the latter. Growth in stablecoins and tokenized private credit/equity hits a "triple ceiling" due to regulatory and political uncertainty rather than market demand. The pivotal shift is forecast for 2028. A major liquidation event in pre-IPO perpetuals exposes the structural flaw of synthetic markets lacking a real underlying asset anchor. In response, regulatory changes finally allow the public solicitation of private securities resales to verified accredited investors. This creates a legitimate secondary market for real company equity, which then becomes the core asset class of the new bull market, relegating synthetic perps to a niche role. By 2029, the industry becomes "boring" but foundational. Tokens without claims on real cash flows or assets cease trading. Stablecoin growth is steady but politically capped. Crypto infrastructure fades from view as it gets absorbed into traditional finance backends. The article's central thesis is that the key bottleneck for crypto's next phase is legal and regulatory channels for real asset ownership, not technology.

marsbit1 ч. назад

Will the Next Crypto Bull Run Start with On-Chain Trading of SpaceX?

marsbit1 ч. назад

Kalshi-CFTC Fight In New Mexico Could Shape Prediction Market Rules

A jurisdictional battle between the U.S. Commodity Futures Trading Commission (CFTC) and the state of New Mexico over the regulation of prediction markets could set national rules for the industry. At issue is who polices platforms like Kalshi, with the CFTC asserting federal oversight and New Mexico arguing state gaming and consumer protection laws apply, especially for contracts resembling wagers on events like elections or sports. The outcome will determine if prediction markets can scale nationally under a clear federal framework or face a fragmented, state-by-state regulatory landscape. This dispute is significant for the crypto-adjacent trading community, which often engages with these speculative event markets. A clearer rulebook could boost mainstream adoption, liquidity, and integration with crypto infrastructure, while a state-led challenge could stifle growth. The case is particularly sensitive for sports-related contracts, where the line between financial markets and gambling blurs. Ultimately, this legal fight will shape whether prediction markets become a scalable national product or remain constrained by jurisdictional conflicts.

bitcoinist2 ч. назад

Kalshi-CFTC Fight In New Mexico Could Shape Prediction Market Rules

bitcoinist2 ч. назад

The Value Distribution of Stablecoins

**Summary: The Value Distribution of Stablecoins** The article argues that stablecoins are evolving from mere trading tools into broader channels for dollar access. It divides the stablecoin ecosystem into four layers to analyze how value is distributed: 1. **Issuance Layer:** Mints stablecoins, holds reserve assets, and captures the spread between reserve yield and user costs (e.g., Tether, Circle). This layer currently earns the largest profit margin. 2. **Infrastructure Layer:** Connects stablecoins to the traditional financial system, handling fiat on/off-ramps, banking integration, compliance (KYC/AML), and asset management (e.g., Bridge, BVNK). This is the "unglamorous" but critical work, building the essential bridges between crypto and real-world finance. 3. **Acquiring/Distribution Layer:** Integrates stablecoins into merchant systems, manages payment flows, and provides enterprise financial software (e.g., Stripe, Coinbase). They act as the access point for businesses. 4. **Application Layer:** The end-users and businesses that ultimately use stablecoins for payments, settlements, or as a store of value. They benefit from convenience but have little pricing power. The core thesis is that while the issuance layer currently dominates profits, the often-overlooked **infrastructure layer holds significant long-term potential**. The real challenge and barrier to mass adoption is not the on-chain transfer of stablecoins (which is simple), but the complex "last mile" integration into existing business workflows, banking systems, and regulatory frameworks across different countries. Companies in this layer are currently in a "land grab" phase, investing heavily to build networks, secure bank partnerships, and establish compliance pathways. While their position is currently pressured by the profitable issuers above and distribution platforms below, the article suggests that if stablecoins become a default financial rail for businesses, the infrastructure providers who have done the hard work of integration will ultimately gain strong pricing power and become entrenched, essential players.

marsbit7 ч. назад

The Value Distribution of Stablecoins

marsbit7 ч. назад

The Value Distribution of Stablecoins

The Value Distribution of Stablecoins The article argues that stablecoins are evolving from a mere trading tool into a broad "dollar channel." It analyzes the industry's value chain through four layers: 1. **Issuance Layer (e.g., Tether, Circle):** The top layer that mints stablecoins, holds reserve assets, and captures the thickest interest rate spread. 2. **Infrastructure Layer (e.g., Bridge, BVNK):** Connects stablecoins to the traditional financial system, handling critical but complex "dirty work" like fiat on/off-ramps, banking integration, compliance (KYC/AML), and cross-border settlement. 3. **Acquiring/Distribution Layer (e.g., Stripe, Coinbase):** Embeds stablecoins into merchant systems, manages payment flows, and integrates with enterprise software. 4. **Application Layer:** End-users and businesses that ultimately use stablecoins for payments, settlement, or storing value. The author posits that while the issuance layer currently captures the most profit, the most overlooked and potentially critical layer is infrastructure. The core challenge for stablecoin adoption isn't the on-chain transfer (which is simple), but bridging the gap between blockchain and the real-world financial system. This involves solving practical problems for businesses: fiat conversion, reconciliation, tax handling, and user onboarding. Infrastructure companies are currently in a difficult "land-grab" phase—building networks, securing banking relationships, and achieving compliance country-by-country. They face pressure from both the profitable issuance layer above and distribution platforms below. However, the author suggests this layer is building a crucial moat. Once stablecoins become a default business rail, the infrastructure players who have done the hard work of integration may gain significant, durable value and pricing power.

链捕手7 ч. назад

The Value Distribution of Stablecoins

链捕手7 ч. назад

Why Is Nvidia Borrowing $20 Billion When It's Not Short of Cash?

Nvidia's recent announcement to issue at least $20 billion in senior notes, despite holding a strong cash position with over $48.6 billion in free cash flow last quarter, is not a sign of financial need. Instead, it represents a strategic move to leverage its high credit rating (recently upgraded to AA by S&P) to secure low-cost, long-term debt. This capital will support long-term AI infrastructure investments, data centers, R&D, supply chain prepayments, and strategic investments, while allowing the company to continue aggressive shareholder returns through stock buybacks and dividends. The decision reflects a mature capital management strategy: using debt to finance long-term growth assets is more efficient and less dilutive to shareholders than equity financing. It signals that Nvidia, like other tech giants (Alphabet, Meta, Amazon), is entering a new phase of heavy AI capital expenditure, shifting from a pure growth story to a story about capital allocation, credit strength, and long-term ecosystem positioning. The key question for investors is whether Nvidia can maintain its high cash flow generation and ensure that returns from these AI investments justify the cost of capital over the long term. The bond issuance amplifies its expansion capabilities but also ties its valuation more closely to the broader AI investment cycle's sustainability and profitability.

marsbit8 ч. назад

Why Is Nvidia Borrowing $20 Billion When It's Not Short of Cash?

marsbit8 ч. назад

Торговля

Спот
Фьючерсы
活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow