U.S. President Donald Trump issued a direct warning to banks regarding the Genius Act related to digital currencies. He clarified that any attempt to obstruct this law is unacceptable, as the United States needs to accelerate the regulation of the digital asset market so as not to lose economic opportunities to China or other countries.
Trump described the law as the first step towards transforming America into a global capital for digital currencies. He pointed out that the transparency law represents the next phase, aimed at ensuring this sector remains within the country and is supported by a clear regulatory framework.
He sent a clear message to banks urging them to cooperate with the crypto industry instead of hindering legislation, emphasizing that the interests of the American people demand reaching an agreement that serves the economy and fosters innovation.
The statements reveal the rising tension between the traditional banking system and the digital currency sector, at a time when the stakes for the future of this field and its impact on the U.S. economy are increasing.
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