20.03.2025 20:02
U.S. President Donald Trump delivered strong messages to the cryptocurrency world at the Blockworks Digital Asset Conference in New York. In his brief speech, Trump promised to make the U.S. an "undisputed Bitcoin superpower" and "the world's crypto capital." He opposed the Biden administration's cryptocurrency regulations and emphasized that they would establish a strategic Bitcoin reserve.
At the conference held in Manhattan, Trump made history as the first sitting president to attend a cryptocurrency event. Arriving about 20 minutes later than planned, Trump stated that the U.S. government would maximize the value of crypto assets "instead of selling them foolishly like Biden did," referencing his recent executive order to create a Bitcoin reserve and a digital asset stockpile.
Trump Speaks at Crypto Conference as the First Sitting President
President Donald Trump outlined his goal to make the U.S. an "undisputed Bitcoin superpower" in a speech before hundreds of cryptocurrency stakeholders.
Jason Yanowitz, founder of Blockworks, emphasized that Trump made history as the first sitting president to speak at a cryptocurrency conference.
The most notable part of Trump's speech was his statement, "We are ending the regulatory war on crypto and Bitcoin from the last administration, which also includes stopping the unlawful 'Operation Choke Point 2.0'."
The term "Operation Choke Point 2.0" was first used by Nic Carter, co-founder of Castle Island Ventures, in 2023. This term refers to the Operation Choke Point 1.0 initiative launched by the U.S. Department of Justice in 2013, which aimed to limit banking services for high-risk industries.
Since taking office, Trump has signed a series of executive orders supporting the crypto sector. These orders include creating a Bitcoin reserve and establishing a working group of federal agency leaders focused on digital asset reports.
The executive order aimed at creating a strategic Bitcoin reserve and digital asset stockpile is particularly noteworthy. Experts point out that despite the interchangeable use of the terms "reserve" and "stock," there are significant differences regarding whether the U.S. government will proactively acquire cryptocurrencies.
Trump's crypto-friendly approach has been welcomed by many in the cryptocurrency industry. The president has demonstrated his commitment to this area by appointing crypto-friendly leaders to key institutions since taking office.