Trump defends crypto legislation at private event featuring boxer Mike Tyson, Tether CEO

At a private Mar-a-Lago event on Apr 25, 2026, President Donald Trump publicly defended the stalled Digital Asset Market Clarity Act and urged that banks not derail crypto legislation. Speaking to top $TRUMP memecoin holders and industry figures — including Tether CEO Paolo Ardoino, Cathie Wood and Mike Tyson — Trump framed crypto as mainstream and reiterated White House support for the industry. The article notes the Clarity Act remains delayed by disputes over how interest-bearing stablecoin products should be treated versus bank deposits. While the president’s backing could help revive legislative momentum and is broadly bullish for bitcoin and broader crypto sentiment, his commercial ties to crypto ventures also raise political scrutiny that could complicate negotiations.