Trump urges passage of U.S. Clarity Act, attacks banks for 'undercutting' GENIUS

Former President Donald Trump is calling for the swift passage of the U.S. Clarity Act, emphasizing its importance for regulatory transparency and economic stability. In his remarks, he also criticized major banking institutions for what he described as their actions that undermine the potential of innovative financial technologies, specifically their efforts to 'undercut' the framework established by GENIUS, an initiative aimed at fostering innovation in the financial sector. Trump's statements highlight his ongoing focus on improving the economic landscape by advocating for regulatory measures that support innovation and competition while holding financial institutions accountable for their practices. source: https://www.coindesk.com/policy/2026/03/03/trump-urges-passage-of-u-s-clarity-act-attacks-banks-for-undercutting-genius