President Donald Trump pledged to make America “the undisputed superpower of Bitcoin and the capital of the world’s cryptocurrencies” in the remarks of 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 former President Joe Biden’s administration, to cryptocurrencies and Bitcoin”, and Trump said he has called on Congress to adopt historical legislation by creating simple rules, with a common sense for stable and market structure.
“With the right legal framework, large and small institutions will be liberated to invest, renew and participate in one of the most exciting technological revolutions in modern history. I think, 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 asset to US consumers and businesses.”
“You will emit an explosion of economic growth and with dollar -backed stablecoins, 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 built our country, and it is exciting to look while inventing the future of finances,” Trump said.
“And right here, it will be here in the SH.BA, Mira Ole USA.
“Thank you and good luck. God bless America,” he concluded.
Trump started his address saying it was an honor to speak “How 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 ago, 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 the same week, Trump said he signed an order “Creation of the Strategic Reserve of the New Bitcoin and US digital reserves, which will allow the federal government to maximize the value of its properties instead of selling them for their long-term value, which is exactly what Biden 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 chief of legal 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 Commission on Insurance and Exchange and Federal Deposit Insurance Corporation (FDIC).
Documents that allegedly confirm suspicions that the founders of Cryptocurrency technology were being “density” under a collocually recognized program as “Operation Chokepoint 2.0”.
They indicated that the FDIC of Biden administration sent numerous letters to the banks, calling on them “pauses all the activity associated with cryptocurrencies.”
Fox News Digital’s Alec Schemmel contributed to this report.
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