TL;DR
- Trump claimed that cryptocurrencies will strengthen the dominance of the dollar and accelerate the economic growth of the U.S.
- He criticized the regulatory policies of the previous administration and stated that he ended “Operation Choke Point.”
- His administration stopped selling seized Bitcoin, established a BTC reserve, and created a task force to study blockchain technologies.
Donald Trump asserted that cryptocurrencies will drive economic growth in the United States and reinforce the dominance of the dollar in a pre-recorded message presented at the Digital Asset Summit in New York City.
Although he did not announce new policies, the President reaffirmed his support for the crypto sector and highlighted the measures his administration has taken since the start of his second term in January 2025.
Trump’s Remarks
During his address, Trump noted that cryptocurrencies have the potential to transform traditional banking and payment systems. He emphasized that these technologies can enhance privacy, security, and wealth generation for both consumers and American businesses. He also mentioned that his administration has stopped selling seized Bitcoins and established communication channels with industry leaders to encourage collaboration and technological development.
Trump also criticized the regulatory policies of the previous administration, claiming that his government ended “Operation Choke Point,” a measure he described as a harmful regulatory overreach for the crypto ecosystem. According to the President, the prior strategy went beyond necessary regulation and hindered the industry’s growth. Additionally, he stated that such actions no longer have a place under his administration, creating a favorable environment for the development of projects based on digital assets.
Regulatory Changes and a New Approach for the Crypto Ecosystem
Since returning to power, Trump has signed two executive orders focused on the crypto market. He also established a Bitcoin reserve using seized assets and created a task force dedicated to studying and promoting the use of blockchain and cryptocurrency technologies. Although there was speculation that his speech would address specific issues like the debanking of the crypto sector or potential changes in tax policy, he limited his remarks to highlighting his administration’s achievements so far and emphasized that the United States leads the development of advanced financial technologies.
Trump’s support for the crypto sector has strengthened his relationship with the industry, garnering financial and political backing from those who see cryptocurrencies as an alternative to traditional financial systems. Although no concrete new announcements were made during his address, the message made clear his administration’s intention to position the United States as a leader in the adoption and regulation of digital assets
