#TrumpTariffs $BTC $BNB $BTC #TrumpTariffs #CryptoRoundTableRemarks #BinanceAlphaAlert #USChinaTradeTalks
On Thursday, U.S. President Donald Trump delivered a speech at the Coinbase Summit on the state of digital currencies, showcasing his comprehensive federal initiatives to support digital assets and solidify the United States' position as a global leader in digital currencies.
Trump promises clear frameworks for U.S. leadership in digital currencies.
At the Coinbase summit on the state of digital currencies, President Trump declared himself the 'first president of digital currencies,' citing a series of policy actions aimed at promoting innovation in the digital finance sector.
He strongly criticized the Biden administration, asserting that Democratic bureaucrats have launched a 'war on digital currencies,' and claimed that his early initiatives are what halted this approach. Trump mentioned the termination of the choke point 2.0 process and the establishment of the first presidential working group on digital assets.
Trump also highlighted the appointment of Paul Atkins as a 'freedom and innovation-friendly' chairman of the U.S. Securities and Exchange Commission (SEC). He emphasized the launch of two major initiatives: the Strategic Bitcoin Reserve (SBR) for the United States and the U.S. Digital Asset Inventory.
Looking to the future, the president stated that his administration is working with Congress on the GENIUS Act, a legislation aimed at supporting the creation of dollar-backed stablecoins. He also pledged to develop clear and direct frameworks to ensure U.S. dominance in digital currency and bitcoin markets.
The speech outlined a comprehensive plan for Trump's strategy in his second term regarding digital currencies. He framed digital assets as a cornerstone of the future economic strength and competitiveness of the United States.
He concluded by congratulating the attendees at the summit, expressing his confidence in the ongoing growth of the digital currency sector under his leadership.