At a private Mar-a-Lago event for top $TRUMP memecoin holders, President Donald Trump vowed he would not let banks derail the long-delayed Clarity Act on U.S. crypto market structure.
The Clarity Act, intended to define how digital assets are regulated, has been stalled by disputes between banks and crypto firms over whether interest-bearing stablecoin products should be treated like traditional bank deposits.
Trump used the gathering of crypto executives, investors and celebrities to reaffirm his support for the digital asset industry, even as his crypto-linked ventures attract both backing from the sector and heightened political scrutiny.
The president’s event featured a roster of crypto executives and investors, including Tether CEO Paolo Ardoino, Ark Invest’s Cathie Wood and Anchorage Digital CEO Nathan McCauley. Boxer Mike Tyson was also in attendance.
Beyond crypto, Trump touched on foreign policy issues including Iran, Venezuela and NATO, which he described as a “paper tiger” that is “never there for us.” As for the digital asset industry, Trump stuck to his usual script: “We are the leader in crypto. It’s become mainstream,” he said.
Source: X.com
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