- Trump pledged to construct a easy, clear regulatory framework to make sure U.S. dominance in crypto and Bitcoin.
- He revealed a brand new “U.S. Strategic Bitcoin Reserve” and celebrated ending restrictions like Operation Chokepoint 2.0.
- Trump is working with Congress to move the GENIUS Act to help a stablecoin system primarily based on the U.S. greenback.
U.S. President Donald Trump has pledged to solidify America’s management in digital belongings and Bitcoin by establishing a transparent, streamlined regulatory framework. Talking at Coinbase’s “State of Crypto Summit,” Trump stated the U.S. should dominate the way forward for digital belongings and praised the innovation shaping tech and finance.
He proudly known as himself “the primary crypto president” and emphasised rolling again the Biden administration’s restrictions on digital belongings. Trump cited the creation of the primary presidential working group on digital belongings and the appointment of pro-innovation SEC Chair Paul Atkins as proof of his dedication. He additionally claimed credit score for ending Operation Chokepoint 2.0, a coverage considered as limiting crypto companies’ entry to banking companies.
The president revealed that the U.S. is getting ready to carry Bitcoin underneath a brand new “Strategic Bitcoin Reserve” through a nationwide digital asset stockpile.
He additionally threw his help behind the GENIUS Act, a invoice geared toward constructing a dollar-backed stablecoin ecosystem in collaboration with Congress.