President Donald Trump has publicly accused major banks of attempting to undermine the administration's crypto agenda, escalating a dispute between Wall Street and digital-asset firms. This has stalled a key market-structure bill in Congress, the GENIUS Act, and the CLARITY Act, which aims to define regulatory oversight of the broader crypto industry. The dispute stems from concerns over whether stablecoin platforms should be allowed to offer yield to users, a primary issue that has been cited as the primary obstacle. JPMorgan Chase CEO Jamie Dimon argued that crypto companies should operate under banking rules. The CLARity Act would establish a comprehensive framework for digital-as-ethem, defining which crypto assets fall under the jurisdiction of the Securities and Exchange Commission and which are regulated by the Commodity Futures Trading Commission. However, progress on the bill has stalled.