#TrumpAtDAS

Trump Addresses Digital Asset Summit, Calls for Crypto-Friendly Regulations

On March 20, 2025, President Donald Trump became the first sitting U.S. president to address a cryptocurrency conference, delivering a video message at the Blockworks Digital Asset Summit in New York City. In his speech, he criticized the Biden administration’s regulatory approach to crypto, calling it a "war on innovation," and urged Congress to pass legislation to regulate stablecoins, digital assets pegged to fiat currencies like the U.S. dollar. Trump emphasized that embracing stablecoins would strengthen the global dominance of the U.S. dollar and foster economic growth.

His remarks were seen as a significant shift in the U.S. government’s stance on digital assets, especially as lawmakers debate the Clarity for Payment Stablecoins Act, which seeks to establish clearer rules for stablecoin issuance and oversight.

Solana Futures ETF Debuts, Market Reacts

The cryptocurrency market saw another major development on the same day, with the launch of the first Solana (SOL) futures exchange-traded funds (ETFs) by Volatility Shares LLC. These ETFs allow institutional investors to gain exposure to Solana’s price movements without directly holding the asset.

The market response was immediate, with Solana’s price surging 12% to approximately $136, driven by increased institutional interest. Analysts predict the ETF launch could fuel further growth, with price targets ranging between $150 and $200 if momentum continues.

Crypto Industry Welcomes Pro-Crypto Shift

Trump’s speech was widely praised by crypto industry leaders, who have long criticized regulatory uncertainty in the U.S. Many see this as a potential turning point for crypto regulation, as the U.S. government signals a willingness to embrace digital assets rather than stifle innovation.