President will meet on Thursday. Donald Trump called on the US to become a” Bitcoin power,” making him the first president to address a meeting on crypto.
Trump made the evocative notes at the Blockworks Digital Asset Summit, saying,” It is exciting to watch as you invent the future of fund.” And it will be done in the fine old USA, right here. We will work together to make America the world’s unquestioned Bitcoin power and crypto capital. ”
See: @POTUS becomes the first sitting senator to speak at a crypto event:
We’re ending the previous government’s fight over blockchain and cryptocurrency regulation. That includes putting an end to Operation Choke Point 2, which is corrupt. 0… it was a form of law enforcement through the authorities… photograph. Snapchat. com/vKEIdDJGTM
— Rapid Response 47 ( @Rapid Response47 ) March 20, 2025
Trump’s speech, which was recorded inside the Oval Office and delivered just before lunch, emphasized his enthusiasm for crypto in particular and for the U.S. S. to take the lead in its advancement.
I complied with an order to create the U.S. and the brand-new proper Bitcoin supply. S. Trump referred to a “digital property stockpile,” which will enable the federal government to maximize the value of its assets rather than mistakenly selling them for a portion of their long-term price, which is what [former President Joe ] Biden did. ”
Trump, 78, is a big proponent of electronic money and claims that cryptocurrency may be developed while keeping the U.S. safe. S. money as the world’s supply.
He even criticized the Biden presidency for what he perceives as incompetence in his notes, which lasted for about two minutes.
We are also putting an end to the previous administration’s crackdown on bitcoin and Bitcoin, which includes stopping the violent procedure Chokepoint 2. 0, which went beyond the bounds of rules, and I mean that much over. It was a form of law enforcement using state tools. ”
Trump made similar remarks about modern money at the first-ever White House crypto conference earlier this month.
He demanded on Thursday that the government pass legislation that would establish the “commonsense rules ” for stablecoins, the business structure, and the legal framework that would support further investment and development in the room.
The leader remarked,” It’s as big as you can get,” adding that because of how large it is. For Americans and businesses alike, people like you will be able to increase our banking and payment system and foster greater protection, health, safety, and money. ”
Trump administration tasks rebellion but exhibits adherence in court cases for the time being.
He claimed that as the world’s advanced technology develops, the U.S. may experience an explosion of economic development and become more dominant. S. dollars.
You may help increase the supremacy of the U.S. with the dollar-backed stablecoins. S. dollars for a long, long time to come, ” Trump said. It will be at the bottom, and we want to keep it that way. We only want to preserve it at the bottom. often. ”
