Trump Addresses Crypto Conference, Vows US Will Dominate Industry
Donald Trump addressed the Digital Asset Summit, marking the first time a sitting president spoke at a crypto conference. In his remarks:
- Trump stated that the US aims to “dominate crypto and the next generation of financial technologies.”
- He mentioned a recent gathering of crypto leaders at the White House and discussed an executive order for a strategic bitcoin reserve and digital asset stockpile.
- Trump criticized "Operation Chokepoint 2.0," calling it government overreach.
- The SEC has recently dismissed cases against various crypto firms, including plans to drop appeals against Ripple Labs.
- He urged Congress to create straightforward regulations for stablecoins and market structures.
- Trump emphasized that dollar-backed stablecoins would reinforce the dominance of the US dollar.
- He expressed optimism about the potential for innovation and investment in the technological revolution within finance.