Trump urges Congress to pass crypto market structure bill, warns industry could move to China

Former President Trump called on Congress to pass a crypto market structure bill and warned that the crypto industry "will eventually go to China" if banks continue to undermine it. CFTC Chair Rostin Behnam said the bill "should be passed," while TD Cowen analysts said banks are likely to lose the stablecoin yield fight but prolonged debate could jeopardize the crypto bill.