President Trump Addresses Digital Asset Summit, Advocates for Bitcoin and Stablecoin Policy
U.S. President Donald Trump addressed the Digital Asset Summit in New York City, marking his first speech to industry stakeholders since the White House Crypto Summit.
Key Points from Trump's Address
- Expectations of a significant announcement regarding digital asset policy direction.
- Trump urged Congress to expedite stablecoin legislation reflecting industry needs.
- Pro-Bitcoin stance emphasized, stating: “Together, we will make America the undisputed Bitcoin superpower.”
- Speculation about an upcoming executive order addressing crypto banking access challenges.
- Bo Hines indicated the administration's interest in accumulating Bitcoin.
Notable Attendees
- Michael Saylor, Chairman of Strategy Inc.
- Cathie Wood, CEO of ARK Invest
- Brad Garlinghouse, CEO of Ripple
- Mohamed El-Erian, Chief Economic Advisor
- Tom Emmer, Majority Whip, Financial Services Committee
Senator Cynthia Lummis and Congressman Nick Begich re-introduced the Bitcoin Act Bill aiming to acquire one million Bitcoin over five years.
Market Reaction
- Bitcoin price at $85,065, up 0.47% in 24 hours.
- Ethereum declined by 4.44% to $1,974.63.
- Binance Coin increased by 2.24% to $623.59.