#US President Donald
#TRUMP made his anticipated speech on crypto. Trump provided information about his work on crypto in a video message to a crypto conference held in New York. The President did not announce any changes to crypto policy, similar to the rumors that emerged yesterday.
US President
#DonaldTrump made a statement via video at the Digital Asset Summit organized by Blockworks in New York. Trump said, "It is an honor for me to be a leader in crypto and next-generation financial technologies in the United States. It will not be easy, but we are far ahead in survival."
“Ending shameful practices”
The President continued his speech by mentioning the continuity of the digital asset held at the White House two weeks ago and made the following statements:
“Many prominent people in the crypto world were brought together in a record led by David Sacks, the White House’s artificial intelligence and crypto chief, who is a magnificent and extremely intelligent person.
The same week, I signed an executive order to create the new Strategic Bitcoin Reserve and the U.S. Digital Asset Stock. With this reserve, the federal government will be able to protect and increase the long-term value of its assets. In the previous administration, Biden made a big mistake by selling these assets for only a small portion of their long-term value and received very little return.
We are ending the previous cryptocurrency administration and its war on Bitcoin. Accordingly, including the illegal Operation Shock Point 2.0. Choke Point was not an ordinary regulation, it went through much more distributions. It was an application in which government law was weaponized. It was a source of reduction, to be frank. But on January 20, 2025, that was completely over.”
“I called for the Stablecoin Act to be preserved”
“I also have a program to introduce legislation in Congress that provides simple and rules-based rules for stablecoins and market structure, which is owned by current users. With the right legal framework, institutions, large and small, will be free to invest, innovate, and participate in one of the most exciting technological programs in modern history.
References like you will be able to improve our banking and payment systems, providing both American citizens and business separations with greater privacy, security, safety, and prosperity. This will lead to an explosion in economic growth. With stablecoins based on dollars, we will extend the dominance of the US dollar and maintain these units for many years to come. We want to stay at the top and we will stay.
Crypto carries their energy and passion, the spirit of building diversity, it is truly exciting. It is a great honor to watch the individuals of finance. And what's more, right here in the USA – our beautiful products – are being selected.”
#TrumpAtDAS #FedWatch