Trump calls for US Dollar dominance, vows to make America a crypto superpower in historic crypto summit speech
- US President Donald Trump says America will dominate crypto and become the crypto capital of the world.
- Trump highlights key initiatives, including the White House Crypto Summit, the end of Operation Chokepoint 2.0 and an executive order on Strategic Bitcoin Reserve.
- The President calls on institutions to invest, innovate and take part in the crypto ecosystem as Congress works on stablecoin legislation.
- Bitcoin hovers around the $86,000 level, surging within minutes of Trump’s speech at the Blockworks Digital Asset Summit.
United States (US) President Donald Trump made history as the first sitting President to speak at a crypto summit and addressed investors, traders, institutions and the industry at the event. Through a pre-recorded address, Trump touched upon key crypto victories of his administration, the recent White House Crypto Summit and his future plans for the industry.
Trump’s top 5 quotes for crypto in the US
-
US crypto dominance and White House Crypto Summit
“The United States is going to dominate crypto and the next generation of crypto technology. It’s not going to be easy but we are way ahead. Just two weeks ago, we hosted the first ever White House digital asset Summit, bringing together many of the world’s top crypto leaders and a conversation led by a White House AI & Crypto Czar.”
-
Strategic Bitcoin Reserve and US Digital Asset stockpile
“That same week, I signed an order creating the brand new strategic Bitcoin reserve and the US Digital Asset stockpile, which will allow the Federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long term value.”
-
Ending Operation Chokepoint 2.0, regulatory war on crypto
“We are ending the last administration’s regulatory war on crypto and Bitcoin, and that includes stopping the lawless operation chokepoint 2.0. Operation Chokepoint went beyond regulation and I mean far beyond. It was a form of lawfare through government weaponisation. Frankly, it was a disgrace. But as of January 20, 2025 all of that is over.”
-
Congress to pass landmark legislation, bring simple, commonsense rules for stablecoins
“I’ve also called the Congress to pass landmark legislation bringing simple common sense rules for stablecoins and market structure. With the right legal framework institutions large and small will be able to invest, innovate and take part in one of the most exciting technological revolutions in modern history.”
-
Message for crypto community of traders, investors and institutions
“Pioneers like you will be able to improve our banking and payment systems and promote greater privacy, safety, security, and well-being of American consumers and businesses alike. You will unleash an explosion of economic growth and with the Dollar-backed stablecoins, you will help expand the dominance of the US Dollar and in many, many years to come, it will be at the top, and that’s where we want to keep it. We only want to keep it at the top.
I can already see that the energy and passion of the crypto community is the kind of spirit that built our country, and it is exciting to watch as you invent the future of finance right here. It’s going to be right here in the USA."
In his closing remarks, Trump called upon attendees to make America the undisputed Bitcoin superpower and the crypto capital of the world.
Bitcoin hovers near the $86,000 level at the time of writing.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
