Trump Proposes New Structure Bill to Move Financial System On-Chain | DISCUSS

As of April 2026, President Trump has significantly ramped up his rhetoric regarding a total overhaul of the American financial system. He has characterized the current banking infrastructure as "outdated" and "slow," proposing a transition to a "state-of-the-art" cryptocurrency framework under what is being called the New Structure Bill.

This initiative follows the successful passage of the GENIUS Act in July 2025, which established the first federal standards for U.S. dollar-backed stablecoins.

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Key Pillars of the New Structure Bill

The proposed legislation, often referred to as the CLARITY Act or the Market Structure Bill, aims to formalize the role of digital assets in the national economy:

On-Chain Financial System: The administration envisions moving major portions of the financial system—including payment settlements and government debt—onto blockchain technology.

Regulatory Jurisdiction: The bill clarifies the long-disputed roles of the SEC and CFTC, designating which crypto assets are "digital commodities" and which are "digital securities".

Federal Reserve Overhaul: With Federal Reserve Chairman Jerome Powell's term ending on May 15, 2026, Trump has hinted at appointing a successor more aligned with a "crypto-first" monetary policy.

Bitcoin as a Reserve Asset: Trump has previously discussed using Bitcoin to help "solve the national debt," though this remains a highly controversial aspect of his broader strategy.

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Legislative Progress & Challenges

Status	Event	Details
Completed	GENIUS Act (2025)	Mandated 1:1 reserves for stablecoins; barred direct interest to holders.
In Progress	CLARITY Act (2026)	Stalled in Senate Banking Committee over "stablecoin yields".
Tentative	April 2026 Vote	A bipartisan agreement in principle was reached to move the bill forward.
Deadline	Nov 3, 2026	Midterm elections; GOP seeks to pass the bill before potential power shifts.

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The "Conflict of Interest" Controversy

The move toward a state-sanctioned crypto framework has faced intense criticism due to the Trump family's personal involvement in the industry

$TRUMP Coin: The President’s team was accused of "market harvesting" after selling off a personal-themed meme coin at its peak.

World Freedom Finance: The Trump family’s affiliated platform directly engages in crypto trading, raising questions about whether the President is acting as "both referee and player".

“This could be perhaps the greatest revolution in financial technology since the birth of the internet itself... we will cement American dominance of global finance.” — President Donald Trump.