Trump Urges Swift Passage of Clarity Act, Slams Banks Over Stablecoin Yield Fight

President Donald Trump called on Congress to quickly advance the Clarity Act and broader crypto market structure legislation in a Truth Social post on March 4, 2026, accusing banks of attempting to undercut the GENIUS Act and hold the bill hostage over their opposition to stablecoin yield payouts. He argued that Americans should earn more on their savings and said record bank profits should not come at the expense of what he described as a powerful Crypto Agenda designed to keep the industry in the U.S. rather than losing it to China and other countries. The market structure bill has stalled since the Senate Banking Committee postponed a markup in January, amid disagreements between banking and crypto firms over whether third parties such as Coinbase can offer yield on stablecoin deposits, a practice crypto companies say is permitted under the GENIUS Act. The Senate's window for action is narrowing as the 2026 election cycle ramps up, even as the Office of the Comptroller of the Currency recently proposed that contracts between stablecoin issuers and third-party partners clearly define offerings without explicitly banning yield payouts.