I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America. Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades. The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.

Over the past few days, we have convened the world’s leading economic policymakers and business leaders here in Asheville around a common purpose of stronger growth. Every discussion brought us back to the same conviction: growth is the strongest foundation for durable prosperity. The private sector does not just participate in economic growth. It is the engine of economic growth. That is the approach the United States has brought to our G20 Presidency: a focus on results. And here in Asheville, we have delivered.