Trump: The stablecoin bill GENIUS is "threatened" by the banking industry due to Congress's delay in passing the market structure bill.

CoinFeed reported on March 4th that, according to The Block, US President Trump stated in a Truth Social post that the GENIUS Act, a stablecoin legislation, is being threatened and sabotaged by banks. Trump stated that the US needs to complete market structure legislation as soon as possible, and Americans should be able to make their money more profitable. He pointed out that banks are setting profit records and should not be allowed to undermine the strong crypto agenda, otherwise these agendas will flow to other countries. Trump explicitly stated that banks should not attempt to weaken the GENIUS Act or hijack the CLARITY Act; they need to reach a good agreement with the crypto industry because it is in the best interests of the American people. The CLARITY Act is currently under consideration in Congress and will clarify the specific responsibilities of the SEC and CFTC in regulating the crypto industry.