Former U.S. President Donald Trump urged Congress yesterday to accelerate the approval of key stablecoin legislation. His statement came during a video address at the Blockworks Digital Asset Summit in New York, marking a historic moment – the first time a sitting U.S. president has spoken at a conference dedicated to digital assets.
Trump: Stablecoins Will Strengthen the Dollar and U.S. Innovation
In his speech, Trump emphasized that the U.S. needs a clear and reasonable regulatory framework for stablecoins, allowing both large and small firms to safely invest and innovate.
🗣 “I have called on Congress to pass groundbreaking legislation creating simple, sensible rules for stablecoins and market structure. With the right legal framework, both large and small institutions will be free to invest, innovate, and take part in one of the most exciting technological revolutions in modern history,” Trump declared.
He further highlighted that dollar-backed stablecoins will help reinforce the dominance of the U.S. dollar on the global stage.
Crypto as a Key Driver of Economic Growth
Trump made it clear that he views cryptocurrencies as a major force for economic growth, financial security, and the strengthening of the U.S. currency.
🔹 “Pioneers like you will be able to improve our banking and payment system while promoting greater privacy, security, and wealth for American consumers and businesses. You will unleash an explosion of economic growth,” the president stated.
The summit attracted numerous high-profile attendees, including government representatives Bo Hines and Congressman Tom Emmer, as well as leading figures in the crypto industry such as Michael Saylor, Cathie Wood, Richard Teng, Sergey Nazarov, and Brad Garlinghouse.
Stablecoin Legislation on Congress’s Agenda 📜
Currently, multiple stablecoin bills are being debated in the U.S. Congress:
✅ GENIUS Act – the most advanced proposal, which has passed the Senate Banking Committee.
✅ Clarity for Payment Stablecoins Act
✅ Lummis-Gillibrand Payment Stablecoin Act
The goal of these bills is to establish clear guidelines for stablecoin issuers, implement strict anti-money laundering (AML) measures, and enhance oversight of the sector.
Trump’s Administration Aims to Make the U.S. a Global Crypto Hub
Trump’s re-election has brought major shifts in the U.S. approach to cryptocurrencies. His administration is working to establish the U.S. as a world leader in digital assets.
➡️ On March 6, Trump signed an executive order to create a strategic Bitcoin reserve, which will include up to 200,000 BTC as a store of value.
➡️ Initiation of an audit of government-held digital assets and a plan for further Bitcoin accumulation without immediate liquidation.
➡️ Changes in the SEC – the repeal of SAB 121 and the closure of multiple crypto firm investigations without charges, including ending the Ripple case.
Trump previously spoke at a Bitcoin conference in 2024, and his latest policies indicate that cryptocurrencies will be a core part of his economic strategy.
👉 What do you think about the future of stablecoin regulation in the U.S.? Are these the right steps forward? 💬
#crypto , #TRUMP , #Stablecoins , #DigitalAssets , #CryptoRegulation
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