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Trump Backs Landmark Crypto Bill Amid Industry Banking Spat

Guavy AI Editorial Team
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US President Donald Trump has thrown his weight behind a landmark crypto bill, the Clarity Act, in a bid to supercharge the virtual-asset industry. In a meeting with top crypto executives at the White House last month, Trump praised Coinbase Global Inc.'s CEO Brian Armstrong as 'one of the greats' and Gemini Space Station co-founders Cameron and Tyler Winklevoss as 'tremendous investors, brilliant people'.

The Clarity Act aims to integrate virtual assets into the financial mainstream by clarifying regulatory guidelines. While its passage could unlock new investment opportunities for the industry, some experts warn that it may also create new risks.

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