Trump Champions Cryptocurrency's Role in U.S. Economic Leadership at Digital Asset Summit

Published 2025-03-21

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NEW YORK — At a recent cryptocurrency conference, former President Donald Trump made a surprise virtual appearance, emphasizing his bullish stance on cryptocurrencies as a boon for the U.S. economy. However, he did not reveal any new policy measures that some participants anticipated.

In a prerecorded address to the Manhattan Digital Asset Summit attendees, Trump highlighted cryptocurrencies' vast potential. "Crypto is 'as big as you can get,'" he remarked to an audience that filled the venue, underscoring his belief in the sector's ability to enhance the nation's banking and payment landscapes.

"Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike," Trump said. "You will unleash an explosion of economic growth."

He also noted that under his leadership, the government had ceased auctioning confiscated bitcoins and promoted collaborations between top industry leaders and his administration.

"We're ending the last administration's regulatory war on crypto and Bitcoin, including stopping the lawless Operation Choke Point. Operation Choke Point went beyond regulation, and I mean far beyond. It was a disgrace," Trump explained, marking his second appearance at a crypto event following his campaign visit to Bitcoin Nashville in 2024. "But as of January 2025, all of that is over."

Trump has enacted two executive orders regarding digital assets since his second inauguration on January 20. He has set up a Bitcoin reserve with previously seized assets and formed a task force on digital currencies.

Speculations had been rife about whether Trump would introduce new regulations on debanking or impose crypto taxes in his speech, perhaps through another executive order. However, he chose instead to reemphasize the actions his administration has already implemented.

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"It's an honor to speak with you about how the United States will dominate crypto and the next generation of financial technologies," he announced. "And it's not going to be easy, but we're way ahead."

Throughout the past year, Trump has actively courted the crypto industry. His tenure has been marked by a consistent endorsement of the industry through executive actions and the regulatory rollbacks implemented by his appointees, reversing several measures from the Joe Biden era.
Original news on www.coindesk.com