President Donald Trump gave a pre-ridden address played at the Digital Asset Summit in New York City, underlining how his administration ended the former President Joe Biden’s “Regulatory War on Crypto and Bitcoin”.
chairman Donald Trump On Thursday, the Blockworks Digital Assets Summit comments vowed to make the US a “undisputed bitcoin superpower and the world’s Crypto Capital”.
A pre-recorded video address by Trump was played at the summit in New York City. The President said that his team was ending the “Regulatory War on Crypto and Bitcoin” of former President Joe Biden’s administration, and Trump said he had called the Congress ” Rules for StableCunes And market structure. ,
“With the right legal framework, large and small institutions will be free to invest, innovate and take one of the most exciting technical revolutions in modern history. It is too big. It’s too big. It, I think, as big as you can get,” said Trump.
The President told them in the presence that “the leading leaders like you will be able to improve our banking and payment system and promote more privacy, security, security and money for American consumers and businesses.” “You will explode an explosion of economic growth, and with dollar-supported stabecoin, you will help expand the US dollar dominance,” said Trump. “And many, many years to come, it will be at the top. And that’s the place where we want to keep it. We only want to keep it on top.”
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President Donald Trump on Friday, March 7, 2025 in the state dining room in Washington, DC during the White House Digital Assets Summit. (Chris Claponis/CNP/Bloomberg Getty Image/Getty Image)
“I can already see that the energy and passion of the Crypto community is the kind of feeling that has created our country, and it is exciting to see that you invent Future of finance, “ Trump said. “And here, it is going to be here in the USA, The Good Ole USA. Together we will make America the undisputed bitcoin superpower and the world’s crypto capital.”
“Thank you, and best wishes. Bless Lord America,” he concluded.
Trump started his address by saying that it was an honor to speak ,How the United States is going to dominate the next generation of crypto and financial technologies. ,
During the White House Digital Assets Summit, Commerce Secretary Howard Lutnik, Treasury Secretary Scott Besant, President Donald Trump, and David Sachs, White House Artificial Intelligence (AI) and Crypto Caesar, during the White House Digital Asset Stirring on March 7, 2025 during the White House Digital Asset Stiff. (Chris Claponis/CNP/Bloomberg Getty Image/Getty Image)
“It’s not easy, but we are ahead,” said the President.
Two weeks ago, as Trump recalled, his administration first hosted the White House Digital Asset Summit. The event brought the White House AI (Artificial Intelligence) and Crypto Caesar David Sachs together, describing Trump as a “luxurious and very luxurious man”, and many top crypto leaders in the world to discuss the future of the industry.
The same week, Trump said he signed an order “Brand-new strategic bitcoin reserve and US Digital Assets StockPile, Which would allow the federal government to maximize the value of their holdings instead of selling stupidity for a fraction of its long -term value, which Biden did. ,
“They found a fraction of their value,” said Trump.
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At that time, the sacks compared the bitcoin reserve to “a digital fort nox for cryptocurrency, often called ‘Digital Gold’.”
The President said that his administration’s action included stopping “Lales Operation Chokpoint 2.0”.
Trump said, “Operation went beyond the choke point regulation, and I mean beyond this. It was a form of loffare through government weapons. Clearly, it was an insult,” said Trump.
Treasury Secretary Scott Besant and President Donald Trump saw on March 7, 2025 during the White House Digital Asset Summit. (Anna Moneymaker / Getty Image / Getty Images)
“But by January 20, 2025, it is all over,” Trump said.
The President was referring to how Paul Grewal, the Chief Legal Officer of the Coinbase, considered one of the largest cryptocurrency exchange platforms in December, in the documents shared in December that he and his team had received after independence of the requests of the Information Act.
He consolidated a long legal battle between the company and the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC).
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Unpublished documents It was allegedly confirmed that the Cryptocurrency Tech founders were being “debuted” under the program known as colloquial as “Operation Chokpoint 2.0”. He showed that the FDIC of the Biden administration sent several letters to the banks, “all the crypto-asset-related activity.”
Fox News Digital’s Alec Skyme contributed to this report.
