FameEX Hot Topics | Trump Becomes First U.S. President in Office to Speak at a Crypto Summit

On March 20, U.S. President Donald Trump became the first sitting American president to address a cryptocurrency conference, delivering pre-recorded remarks at the Blockworks Digital Asset Summit. This unprecedented move marks a major milestone in the evolving relationship between the U.S. government and the digital asset sector. Trump's appearance signaled a clear policy shift toward embracing cryptocurrencies as part of America’s economic future.

In his speech, Trump outlined a bold vision to make the United States the “crypto capital of the world.” He praised the rollback of restrictive policies from previous administrations and emphasized the need to foster innovation in the blockchain space. "Pioneers like you will improve our banking and payment systems, while enhancing privacy, safety, and wealth for both consumers and businesses," he said. Trump also underlined the importance of dollar-backed stablecoins, saying they could strengthen the U.S. dollar's dominance for decades to come.

Trump’s support for crypto has extended beyond speeches. On January 23, he signed an executive order creating the Working Group on Digital Assets and initiated the development of a national Bitcoin strategic reserve, along with a separate crypto asset stockpile. In early March, he hosted the first-ever White House Crypto Summit, bringing together industry executives and policymakers to discuss regulatory priorities and innovation strategies.

During the summit, Treasury Secretary Scott Bessent emphasized the administration’s commitment to passing stablecoin legislation. He described stablecoins as vital to preserving the dollar’s global status. Bo Hines, executive director of the Council of Advisers on Digital Assets, confirmed that a draft stablecoin bill could reach the president within the next two months, hinting at imminent progress on the regulatory front.

Reactions to Trump’s address and the summit were mixed. Institutional stakeholders viewed the event as a significant step toward regulatory clarity. However, many in the retail crypto community expressed disappointment. Bitcoin maximalist Justin Bechler criticized the summit as being dominated by “rent-seeking lobbyists” promoting government-controlled digital tokens. Despite the criticism, the event marked a turning point for crypto’s standing in U.S. policy.

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