PANews April 26 news, according to CoinDesk, U.S. President Trump stated clearly at the private event for TRUMP Meme coin holders held at Mar-a-Lago in Florida that the White House will not allow banking lobby groups to undermine the legislative process of the core cryptocurrency bill, the "Digital Asset Market Clarity Act" (CLARITY Act). He emphasized that the cryptocurrency industry has entered the mainstream, "the United States is a leader in the cryptocurrency field," and traditional banks should not obstruct the implementation of stablecoins and cryptocurrency regulatory frameworks.
This event, known as "the most exclusive conference in the world," gathered hundreds of major TRUMP coin holders, with heavyweight guests including Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had strongly lobbied against the CLARITY Act, arguing that the stablecoin reward mechanism could impact traditional deposit businesses, which slowed down the bill's review process. The industry estimates that the widespread use of stablecoins could lead to a loss of up to $6.6 trillion in deposits from the banking system. Trump's public support injects critical momentum for the bill to break through industry resistance and accelerate its legislative progress.
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