24 Mar 2025

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Trump Takes the Stage at Digital Asset Summit — Here’s What Moved the Market

Trump Takes the Stage at Digital Asset Summit — Here’s What Moved the Market

On Thursday, March 20, President Donald Trump took the stage at New York’s Digital Asset Summit, offering his perspective on digital assets and blockchain innovation.

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Trump made it clear: the U.S. intends to lead the world in digital assets and financial tech.

Addressing hundreds of attendees from across the crypto industry, he highlighted a slate of pro-innovation initiatives — chief among them, executive orders to create a U.S  national Bitcoin reserve and a sovereign digital asset reserve.

He also urged Congress to adopt stablecoin legislation, arguing that streamlined regulation would boost the global dominance of the U.S. dollar.

Trump Lays Out Crypto Policy Milestones and Regulatory Shift

In a video message to the Digital Asset Summit, President Trump laid out what his administration has already done to back the crypto industry. He called out the new investment-friendly environment being created for digital innovation.

A big focus? Rethinking regulation. Trump didn’t hold back — he said earlier restrictions were holding the industry hostage, and that his administration is now clearing the way for growth.

Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike. You will unleash an explosion of economic growth,

he told the audience.

Check this out: Crypto Companies Aim to Become Banks: The Number of Applications is Growing

The address also highlighted a shift in tone: the administration has already begun working with top voices in the crypto space, showing a clear willingness to build bridges with the industry.

At the recent White House Crypto Summit, led by the Treasury Secretary, the groundwork was laid for a stablecoin bill — a legislative effort aimed at preserving the global dominance of the U.S. dollar.

How the Crypto Market Reacted

Trump’s comments resonated across the spectrum — from institutional desks to retail forums.

Still, Bitcoin and a range of altcoins saw a modest post-conference decline. This could indicate that no groundbreaking announcements were made, or that the market had already priced in the event. The “sell the news” effect appears to have been in full force.

Nonetheless, the conference reinforced a pro-innovation stance from the administration. Ongoing discussions between government bodies and private players suggest a growing openness to crypto-focused policymaking. 

Read on: Scott Bessent on Market Swings: “Corrections Are a Natural Process”

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