Trump Calls for Stablecoin Legislation, Declares U.S. Bitcoin Superpower at Digital Asset Summit

President Donald Trump has addressed the Digital Asset Summit in New York City via a pre-recorded video at 10:40 AM ET, marking the first time a sitting U.S. President has spoken at a cryptocurrency conference. In his speech, Trump emphasized the U.S. intention to become the 'Bitcoin superpower and crypto capital of the world.'

Trump's remarks included a call for Congress to pass 'landmark' stablecoin legislation, advocating for 'simple, common-sense rules' to govern the market. He also mentioned the establishment of a Strategic Bitcoin Reserve, which he claims will maximize the value of U.S. holdings and prevent 'foolish selling.'

Bo Hines, Executive Director of the Presidential Council of Advisers on Digital Assets, previously indicated the administration's interest in acquiring as much Bitcoin as possible, likening it to digital gold. This statement aligns with Trump's vision for the U.S. to dominate in the cryptocurrency sector. Other notable speakers at the event included Michael Saylor and Brad Garlinghouse, but no significant announcements were made beyond Trump's speech.

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