Wu said that Donald J. Trump stated that banks are attempting to undermine the GENIUS Act and hinder the advancement of related crypto policies, which is unacceptable. He called on the United States to quickly complete market structure legislation and pass the Clarity Act, stating that the GENIUS Act is an important step for the U.S. to become a global crypto hub, and that the Clarity Act will provide further regulatory clarity for the industry. He also accused banks of trying to obstruct crypto policies amid record profits, believing that if relevant legislation cannot be advanced, the crypto industry may flow to countries like China, and called for banks to cooperate with the crypto industry.
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Wu said that Donald J. Trump stated that banks are attempting to undermine the GENIUS Act and hinder the advancement of related crypto policies, which is unacceptable. He called on the United States to quickly complete market structure legislation and pass the Clarity Act, stating that the GENIUS Act is an important step for the U.S. to become a global crypto hub, and that the Clarity Act will provide further regulatory clarity for the industry. He also accused banks of trying to obstruct crypto policies amid record profits, believing that if relevant legislation cannot be advanced, the crypto industry may flow to countries like China, and called for banks to cooperate with the crypto industry.