Donald Trump made history yesterday by becoming the first sitting president in the U.S. to speak at a crypto conference.
Yesterday, the president gave a virtual speech at the Blockworks Digital Asset Summit, reaffirming his support for crypto and promising to make America the global leader of the emerging industry.
Key Points from Trump’s Remarks
Here are some of the key points he made during the speech.
Positioning the US as Undisputed Bitcoin Superpower
Trump reaffirmed his commitment to making the United States the undisputed Bitcoin superpower and crypto capital of the world. He believes the government can achieve this by creating sensible and clear regulations for the industry.
Speaking on the disclosure, prominent Bitcoin evangelist and MicroStrategy Chairman Michael Saylor spotlighted Trump’s remarks on making the United States the ‘global undisputed Bitcoin superpower.’
"We will make America the undisputed Bitcoin Superpower…" https://t.co/UvFU6iMnm2
— Michael Saylor⚡️ (@saylor) March 21, 2025
Trump highlighted some initiatives his administration has made to elevate America to this leadership position, including hosting the first-ever White House Crypto Summit.
U.S. Won’t Sell Crypto Reserve Assets
Further, President Trump referenced his executive order that mandated the creation of a Strategic Bitcoin Reserve (SBR) and digital asset stockpile. While this reserve will hold only Bitcoin, the stockpile will feature altcoins. The funds for the reserve initiative will come from assets the U.S. government obtained through forfeitures.
According to President Trump, the U.S. will hold the crypto assets in reserves without selling them. This is contrary to the Biden administration’s approach, which saw the government auction seized crypto assets on various occasions.
Trump suggested that these early sales cost the U.S. a huge fortune as the Biden administration sold the assets cheaper than their long-term value. As previously reported, Crypto Czar David Sacks claimed that the country lost $17 billion from these sales.
Ending Regulatory War Against Crypto
Interestingly, Trump vowed to end the previous administration’s regulatory war on crypto, particularly the “Choke Point 2.0.”
For context, Choke Point 2.0 is an alleged covert operation aimed at debanking the crypto industry and denying related companies and individuals access to financial services.
Notably, Trump characterized this operation as a ‘disgrace,’ noting that it extended beyond regulation. He added that this illicit act ended on his first day in office.
Passing Stablecoin Regulation
Furthermore, Trump said he had urged the United States Congress to pass “clear and common-sense rules” for dollar-pegged stablecoins and market structure.
Recall that a major stablecoin regulation, the GENIUS Act, recently made progress after the Banking Committee approved it. Following its approval, the bill has advanced to the full senate for potential passage.
Notably, Trump said he called on Congress to pass the stablecoin bill. In his view, sensible stablecoin and crypto regulation will help maintain the U.S. dollar’s dominance and spur investments.
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