Trump Calls for Stablecoin Laws, Vows U.S. Will Be 'Bitcoin Superpower'

President Donald Trump addressed the Digital Asset Summit in New York City on Thursday, becoming the first sitting U.S. president to speak at a cryptocurrency industry conference. In a prerecorded virtual speech delivered at 10:40 AM ET, President Trump outlined his administration's vision for the United States to become the 'undisputed Bitcoin superpower and crypto capital of the world.'

During his address, President Trump called on Congress to pass stablecoin legislation, emphasizing the need for 'simple, common-sense rules' to regulate the cryptocurrency industry. He announced the creation of a strategic Bitcoin reserve and a U.S. digital asset stockpile, stating that these measures would enable the federal government to maximize the value of its holdings. The president also criticized previous administrations for 'restrictive crypto regulations' and pledged to end the regulatory 'war on crypto and Bitcoin.'

President Trump's Executive Director of Digital Assets, Bo Hines, echoed the administration's commitment to cryptocurrency, stating, 'We want as much Bitcoin as we can possibly get.' Hines also described Bitcoin as 'digital gold' and indicated that the government sees accumulating Bitcoin as in the best interest of Americans. The president's remarks suggest a significant shift in U.S. policy toward embracing digital assets and positioning the country as a leader in the crypto industry.

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