Key dealers
- President Trump called for Congress to adopt legislation on Stablecoin.
- The administration plans to create a strategic Bitcoin reserve and increase federal involvement in digital assets.
President Donald Trump today prompted Congress to adopt Stablecoin legislation.
The note was made during a video city to Blockworks Digital Asset Summit in New York City, a historic moment because it represents the first time a sitting US president has treated a conference dedicated to digital assets.
“I have also urged Congress to adopt landmark legislation that creates simple rules for common sense for StableCoins and market structure. With the right legal frameworks, the institutions will be large and small to invest, innovate and participate in one of the most exciting technical revolutions in modern history,” said Trump, “adds that Dollar-Backd
In his speech, Trump placed crypto as an important driving force for economic growth, economic security and dominance for US dollars. He praised the industry’s energy and innovation and noted that the crypto community embodies the same groundbreaking spirit that built the country.
“Pioneers that you will be able to improve our banking and payment system and promote greater integrity, security, security and wealth for both American consumers and companies. You will release an explosion of economic growth,” Trump said.
At present, several StableCoin bills are being considered in the US legislative process. Genius Act, which recently adopted the Senate Bank Committee, is the most advanced.
The proposed legislation requires StableCoin issuers to comply with money laundering laws and comply with strict security guidelines.
Other bills are the law on clarity for payment Stablecoins and Lummis-Gillibrand payment StableCoin Act. These legislative efforts aim to provide clarity and monitoring for Stablecoins, which reflects a strong impetus to establish extensive regulations in the United States.
The digital asset meeting attracted high -profile participants, with the government’s representation from Bo Hines and Congress Member Tom Emmer, as well as leading people from the crypto industry, including Michael Saylor, Cathie Wood, Richard Teng, Sergey Nazarov and Brad Garlinghous.
Trump’s re-election has initiated a series of regulatory and legislative adjustments that affect the digital asset industry. The new administration has prioritized the establishment of the United States as the world’s leading crypto.
And it started with the first crypto-related executive order that formed a working group that has the task of evaluating the possibility of creating a national digital asset storage.
On March 6th Trump signed an executive order To create a strategic Bitcoin reserve and a broader US digital asset storage with the help of seized assets.
The Bitcoin reserve, estimated at 200,000 BTC, will be held as a store with value, without any immediate sale planned. The order requires a complete review of the government’s digital asset holdings and approves budget-neutral strategies for further Bitcoin acquisitions.
“It’s high time that our president began to gather assets for the American people, which is what President Trump does rather than removing it,” Bo Hines said under a panel at Blockworks Digital Asset Summit. He noted that the administration wanted to buy As much bitcoin as possible.
On the regulatory front, changes within Sec, including the cancellation of SAB 121, signal a move from previous application -heavy approaches.
SEC has moved to close investigations of various crypto companies without pursuing allegations and has dismissed claims against prominent companies, with the latest closing of the rippling.
Trump had previously appeared at the Bitcoin conference in 2024 before adopting the chairmanship.
