New York City – March 20, 2025 –
President Donald Trump made history as the first sitting U.S. president to address a cryptocurrency industry conference, delivering a pro-crypto keynote at the Digital Asset Summit (DAS) in New York City. His speech outlined a bold vision for integrating digital assets into U.S. financial strategy, sharply contrasting with the Biden administration’s regulatory approach.
Trump Unveils Strategic Bitcoin Reserve
A major highlight of Trump’s address was the announcement of the Strategic Bitcoin Reserve, a groundbreaking initiative that will treat Bitcoin (BTC) as a national reserve asset. The reserve will be capitalized with Bitcoin seized through criminal and civil asset forfeiture proceedings, managed by the U.S. Treasury.
Bo Hines, Executive Director of the White House’s Presidential Council of Advisers on Digital Assets, previewed the plan earlier this week, stating, “It’s high time our president started accumulating assets for the American people rather than taking them away.”
Digital Asset Stockpile: Managing Seized Crypto Holdings
Trump also introduced the U.S. Digital Asset Stockpile, an initiative aimed at managing non-Bitcoin digital assets forfeited through legal proceedings. This repository, established by executive order, ensures that seized digital assets are secured and strategically utilized, reinforcing the administration’s crypto-forward stance.
Regulatory Reforms and Stablecoin Protections
Trump took aim at the Biden administration’s Operation Chokepoint 2.0, a policy critics argue was designed to debank crypto firms through financial restrictions. He vowed to roll back these restrictive measures, ensuring fair access to banking services for cryptocurrency businesses.
Additionally, Trump voiced strong support for the GENIUS Act, a legislative proposal aimed at protecting stablecoin holders in the event of issuer insolvency. Under this law, individuals holding payment stablecoins from a collapsed issuer would receive priority over other creditors, a move expected to increase consumer confidence in stablecoins.
Bitcoin Surges Past $87,000 Following Trump’s Speech
Following Trump’s remarks, Bitcoin (BTC) surged past $86,000, hitting an intraday high of $87,038 on Wednesday. The market reaction underscores investor optimism regarding a potential pro-crypto regulatory shift under Trump’s leadership.
Industry Leaders Anticipate Clearer Crypto Regulations
Trump’s address has sparked optimism among crypto industry leaders, institutional investors, and blockchain advocates. Many hope his administration will provide regulatory clarity on stablecoins, crypto taxation, and banking access for digital asset businesses.
Trump’s strong support for cryptocurrency is set to play a crucial role in shaping U.S. digital asset policies, with the potential to establish the nation as a global leader in blockchain innovation and adoption. He reaffirmed his commitment by vowing to make the United States the “crypto capital of the world.”
