President Donald Trump pledged to make America “the undisputed superpower of Bitcoin and the capital of the world crypt” in remarks on the BlockWorks digital assets on Thursday.
A predetermined video address by Trump was played at the New York City Summit.
The president said his team was ending “the regulatory war of the administration of former President Joe Biden, to cryptocurrencies and Bitcoin”, and Trump said he has called on Congress to adopt historical legislation by creating roles with a common sense for market stability and structure. ”
“With the right legal framework, large and small institutions will be liberated to invest, renew and participate in one of the most interesting technological revolutions in modern history. I think so big. I think, as much as you can get,” Trump said.
The President told those present that “pioneers like you will be able to improve our banking and payment system and promote intimacy, security, security and greater wealth for US consumers and businesses.”
“You will stimulate an explosion of economic growth and with the stability backed by the dollar, you will help expand the US dollar’s predominance,” Trump said.
“And many, many years to come, will be at the top. And this is where we want to keep it. We just want to keep it at the top always.”
“I can already see that the energy and passion of the Crypto community is the type of soul that builds our country, and it is exciting to look while inventing the future of finances,” Trump said.
“And right here, it will be here at SH.BA, Good Oil USA. Together we will make America the undisputed superpower of Bitcoin and the capital of the world’s crypt.”
“Thank you, and good luck. God bless America,” he concluded.
Trump started his address saying it was an honor to speak “As the United States will prevail Crypto and the next generation of financial technologies. “
“It will not be easy, but we are ahead,” the president said.
Two weeks’ action, as Trump recalled, his administration hosted the first Summit of the White House digital assets.
The event brought together the artificial intelligence of the White House and Crypto Czar David Sacks, which Trump described it as a “fantastic and very brilliant guy”, and many of the world’s best crying leaders for a discussion of the future of industry.
In that week as many weeks, Trump said he signed an order “Creating the Strategic Reserve of the New Bitcoin and US Digital Reserve Reserves, which will allow the Federal Government to maximize the value of its properties instead of selling them stupidly did
“He got some of their value,” Trump said.
Sacks at the time compared Bitcoin’s reserve with “a digital Knox for Cryptocurrency that is often called ‘digital gold’.”
The president said the action of his administration involved the prohibition of “illegal Operation Chokepoint 2.0”.
“Operation Choke Point went beyond adjustment, and I want to say much further. It was a form of law through government weapon. Honestly, it was a shame,” Trump said.
“But since January 20, 2025, everything is over,” Trump said.
The president was referring to how Paul Grewal, the leading legal officer for Coinbase, considered one of the largest Cryptocurrency exchange platforms, shared documents that he and his team had received the requests of the Freedom of Information.
They paralleled a prolonged legal battle between the company and the Security and Exchange Commission and the Federal Deposit Insurance Corporation (FDIC).
Documents discovered that allegedly confirmed suspicions that the founders of Cryptocurrency technology were being “debated” under a colonial program as “Operation Chokepoint 2.0”.
They indicated that the FDIC of the Biden administration sent numerous letters to the banks, calling on them “pauses all the crying -related activity”.
Fox News Digital’s Alec Schemmel contributed to this report.
#Trump #vows #undisputed #superpower #Bitcoin #worlds #cryptic #capital
Image Source : nypost.com