Trump accuses Wall Street of trying to ‘Kill’ crypto

Trump’s Power Play: Is Wall Street in Panic Mode?

The message is clear and unequivocal. In an incendiary post published Tuesday evening, Donald Trump claimed that major American banks are attempting to “annihilate” the crypto industry by blocking key legislation. At the heart of this political storm: the CLARITY Act, a law meant to finally provide a precise regulatory framework for digital assets, but which remains stalled in the Senate.

According to sources close to the White House, this media outburst follows a private meeting with Brian Armstrong. The Coinbase CEO has been sounding the alarm for weeks: banks would be using their influence to gut the GENIUS Act (signed in July 2025) and prevent crypto players from offering yields on stablecoins.

For Trump, the stakes are geopolitical. He claims that if banks continue to stifle innovation, the crypto industry will eventually migrate to China. “Banks are making record profits and we will not let them undermine our powerful crypto agenda,” he hammered home, causing an immediate shockwave across markets.

The Yield War: Why Are Banks Afraid?

Why such aggression from traditional financial institutions? The answer comes down to one word: Yield. Banks fear a massive capital hemorrhage. If crypto platforms like Coinbase are authorized to offer 4 to 5% yields on stablecoins (like USDC), savers could massively withdraw their money from traditional bank accounts, which offer much lower rates.

The numbers are staggering. A U.S. Treasury analysis, cited by the banking lobby, estimates that up to $6.6 trillion in deposits could flee to crypto if the CLARITY Act passed as written. It’s this catastrophic scenario that’s pushing Wall Street to resist, labeling yield-bearing stablecoins as a threat to financial stability.

For crypto investors, this is a major bullish signal. Seeing the President of the United States so openly take the side of DeFi and stablecoins against the traditional banking system could accelerate institutional adoption and force the passage of favorable laws. The market, which was in a consolidation phase, could well react violently to this heavyweight political support.

Can the CLARITY Act Trigger the Next Bull Run?

This showdown comes at a critical moment for the market. After reaching an ATH (All-Time High) earlier this year, Bitcoin and the majors are seeking direction. If Trump manages to twist Congress’s arm to pass the CLARITY Act “ASAP” (as he demands), it would legally validate stablecoins as a viable alternative to bank cash.

Analysts are now closely watching resistance levels. A legislative victory for Trump and Armstrong could act as a catalyst for a massive breakout, propelling not only Bitcoin, but the entire DeFi (Decentralized Finance) ecosystem to new heights. Conversely, if the blockade persists, the market could enter a phase of uncertainty and short-term correction.

This conflict goes beyond simple regulation: it’s a battle for control of Americans’ savings. On one side, legacy banks; on the other, tech and crypto backed by the executive branch. The winner of this duel will likely determine the market trend for the rest of 2026.

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