Addressing attendees at the summit via a pre-recorded video message, Trump made it clear he’s going all-in on crypto. “We’re going to make America the undisputed bitcoin superpower and the global hub for digital assets,” he said, doubling down on his pitch to plant the U.S. flag at the center of the crypto economy. He pointed to the recent White House Digital Asset Summit — a closed-door meeting that brought together top crypto execs and White House AI & Crypto Czar David Sacks — as a signal of what’s to come.
In one of his bigger reveals, Trump announced plans to establish both a strategic bitcoin reserve and a broader "U.S. digital asset stockpile" with coins beyond Bitcoin, signaling a shift toward long-term government holding strategies. “We won’t be offloading these assets for pennies like Biden did,” he said, taking a jab at the previous administration.
He also highlighted his immediate hard stop to what he called the previous administration’s “regulatory war on crypto,” including the controversial Operation Choke Point 2.0. “It was government overreach disguised as compliance — pure lawfare,” he said, vowing that such efforts were “over as of January 20, 2025.”
Pushing for clearer rules, Trump called on Congress to pass legislation to define stablecoin regulations and market structure, claiming that regulatory clarity would unlock a wave of institutional capital and innovation. “It’ll trigger massive economic growth,” he told the crowd.
Trump closed out by reiterating his vision for America’s crypto future: “The next wave of financial innovation is coming,” he said. “And it’s going to happen right here — in the good old USA.”
The overall message seems clear - his administration is working towards fulfilling promises made during the campaign, something he believe is a priority, evidenced by some promises having already been met.
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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News
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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News
