Trump Escalates Confrontation With Banks Over Crypto Agenda (1)

President Donald Trump warned banks against weakening his cryptocurrency agenda and pushed for passage of a market-structure bill known as the Clarity Act, escalating a confrontation with the financial industry over legislation that would reshape how digital assets are regulated in the US.

In a post on his Truth Social platform late Tuesday, Trump framed the fight in geopolitical terms, saying the crypto industry “cannot be taken from the People of America” and that inaction would cede ground to China.

“The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda,” ...