US President Trump stated that the GENIUS Act, the first US regulatory framework for stablecoin issuance, is being "threatened and undermined" by the banking industry. In a post on Truth Social, he claimed that banks are attempting to influence the legislative process and urged Congress to expedite the crypto market structure bill. Trump stated, "The United States must complete market structure legislation as soon as possible. Americans should get higher returns on their money." He also criticized the banking industry for attempting to obstruct the government's crypto policy agenda while achieving record profits, and warned that if the regulatory framework remains unclear, the US's advantage in the crypto space could shift to countries like China. Currently, Congress is considering the CLARITY Act (the 2025 Digital Asset Market Clarity Act), which aims to clarify the division of responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating the crypto industry. This bill passed the House of Representatives with bipartisan support last year and is currently undergoing further discussion in the Senate. The banking industry is pushing to amend the GENIUS Act's provisions regarding stablecoin yields, with some lobbyists arguing that allowing stablecoins to offer yields could attract bank deposits out of the traditional banking system. In response, Trump stated that banks should not attempt to weaken the GENIUS Act, nor should they use it to "hijack" the CLARITY Act. He also called on the banking industry to reach a reasonable compromise with the crypto industry in line with the overall interests of the American public.