Gate News message, April 26 — Former President Donald Trump warned the banking industry against obstructing crypto legislation at a private event held Saturday at Mar-a-Lago in Palm Beach, Florida, attended by approximately hundreds of TRUMP token holders. Trump stated: “The White House will not let banks destroy crypto market structure legislation,” reiterating his administration’s support for the Digital Asset Market Structure Clarity Act, the crypto industry’s top policy priority.
Negotiations over recent months have stalled the bill as banking groups lobbied senators over concerns that stablecoin provisions could threaten traditional deposit accounts. However, recent discussions suggest the legislation could regain momentum and potentially advance within this year’s tight legislative calendar, with Trump having signaled it as a priority. Trump reiterated his position: “We are leaders in crypto, and it has become mainstream.”
Guests at the event included Tether CEO Paolo Ardoino, Ark Invest’s Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxer Mike Tyson. Trump’s continued support for the crypto project bearing his name, alongside his close personal ties to digital asset enterprises, has drawn scrutiny from Democratic negotiators who have insisted on restrictions preventing senior government officials, including the president, from profiting from the industry.
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