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.

Last week in Arizona, I joined @USComptroller and local banking leaders to discuss the critical role they play on the frontlines of furthering our economic and national security. We highlighted recent guidance issued to supervised financial institutions that supports the President’s EO by compelling banks to consider the risks associated with lending to illegal aliens. The Trump Administration will continue working with community banks to combat financial crime, strengthen the banking system, and protect the American people, while also taking steps to reduce their regulatory burden so they can better serve families and small businesses across the country.

Our Founding Fathers—George Washington, Thomas Jefferson, and Alexander Hamilton—could never have imagined the economy America has built today. It is the envy of the world. As @POTUS has said, record investment is pouring into the United States. Thanks to President Trump's leadership—from digital assets and technological innovation to restoring American manufacturing—we are pulling away from the rest of the world.

Through @TrumpAccounts, @POTUS is helping a new generation of Americans enter our economy with both a stake in its future and the knowledge of how to thrive in it. At today's Financial Literacy and Education Commission meeting, I was pleased to discuss how the most successful program launch in government history will unleash a financial literacy boom. 7 million children have already enrolled in Trump Accounts, 86 percent of whom are from families earning less than $200,000. Financial markets are now personally meaningful to an entirely new class of shareholders. And that experience will be reinforced by fifteen learning modules tailored to each age group. As financial products and services continue to evolve, Trump Accounts will ensure that financial education evolves with them.

Two hundred and fifty years ago, a band of patriots gathered in Philadelphia and changed the course of history. What followed was eight years of war, sacrifice, and an unshakable belief that liberty was worth fighting for. Against all odds, they defeated the greatest empire on earth and founded a republic unlike any before it. Their courage secured the blessings of liberty for generations of Americans. Today, we celebrate 250 years of American Independence. As @POTUS has said, the best is yet to come. Happy Independence Day, and God bless the United States of America.

Across the country, community bankers serve as the first line of defense in our financial infrastructure. In Houston, I spoke with more than a dozen bankers about how financial institutions must remain vigilant against illicit financial activity associated with the unlawful employment of illegal aliens. Texas community banks see firsthand the challenges and pressures that illegal immigration places on local communities and the financial system, making them key partners in identifying risks and protecting the integrity of our banking sector. The Trump Administration will always fight to protect our borders, defend American workers, and preserve the integrity of our financial institutions.

Happy Birthday, @POTUS. As America prepares to celebrate 250 years of freedom, strength, and exceptionalism, your America First leadership is exactly what this moment demands. Here's to another year of Making America Great Again.

Today @SenateGOP, along with the Democrat who put country before political ideology, confirmed @POTUS's nominee Kevin Warsh as the next Chairman of the @FederalReserve. Chairman Warsh will usher in a new day at an institution that is in need of accountability, sound policy guidance, and the renewed sense of purpose to help guide our economy. His chairmanship opens the door and lays the groundwork for every American family to build and grow in the world's greatest economy.