Former President Donald Trump told attendees at a TRUMP meme-coin conference he feels an obligation to back the crypto sector — and promised to sign the CLARITY Act as soon as it reaches his desk. Speaking at the event for the top 297 TRUMP coin holders, Trump described crypto as a “big industry” that has become somewhat mainstream and said, according to a Reuters account, that as president he must help ensure all U.S. industries thrive. Reuters White House correspondent Sander Lutz reported Trump raised the CLARITY Act during his remarks but offered no legislative details, saying only that he wants the bill passed and would sign it immediately. Some in the industry, Lutz noted, had hoped for more concrete news. The pledge comes as the CLARITY Act remains stalled in the Senate — the Senate Banking Committee has yet to mark up the bill. A central sticking point is language on stablecoin yields: banks and crypto firms continue to clash, with banks pushing for a broad ban on stablecoin rewards while crypto advocates oppose such limits. Ahead of the conference, Trump urged the banking industry to reach a deal with crypto stakeholders as soon as possible. The White House Council of Economic Advisers has also weighed in, releasing a report that said stablecoin yields would not harm banks. Trump used parts of his speech to touch on broader geopolitical and political themes, mentioning the U.S.-Iran situation and criticizing the Biden administration’s approach to crypto — a reference many see as alluding to the SEC’s lawsuits against several firms, including Ripple. Market snapshot: TRUMP coin itself has seen dramatic losses since its peak of $75, trading more than 90% below that all-time high. CoinMarketCap data shows the token at roughly $2.56 at the time of writing, down about 2% in the last 24 hours. Bottom line: Trump’s public endorsement and promise to sign the CLARITY Act if passed signal potential White House support for clearer federal crypto rules, but the bill’s fate remains tied up in Senate negotiations — particularly over stablecoin yield language that pits banks against crypto companies. Read more AI-generated news on: undefined/news