President Trump Shores Up Pro-Crypto Views Ahead of Major Cryptocurrency Convention Appearance
U.S. President Donald Trump is set to deliver a speech at the Blockworks Digital Asset Summit via video recording on March 20th. This marks the first time a sitting U.S. president has addressed a crypto event. The speech comes on the heels of executive orders supporting Bitcoin and digital assets in the nation's financial strategy.
The cryptocurrency industry eagerly anticipates Trump's speech, expecting him to outline plans for Bitcoin regulation and its future role in the national economy. A shift in government policy toward digital assets has been observed, with the administration taking a more supportive stance after previous strict actions against cryptocurrency firms.
Since taking office, President Trump has signed executive orders advocating for cryptocurrency growth and has established the U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile. Federal agencies, such as the Securities and Exchange Commission (SEC) and the Treasury Department, have also appointed crypto-friendly leadership positions.
The SEC has since dropped enforcement cases against major cryptocurrency firms, suggesting a more favorable regulatory approach. The industry seeks clarification on stablecoin regulations and digital asset taxation.
The summit will feature notable cryptocurrency figures, including Michael Saylor from MicroStrategy, who will deliver a keynote address and participate in a discussion on Bitcoin's role in institutional finance. James Seyffart from Bloomberg and crypto experts from BlackRock and Nasdaq will also contribute to the discussion.
Bo Hines, executive director of the President's Council of Advisers on Digital Assets, highlighted the administration's commitment to Bitcoin accumulation earlier in the week. Plans indicate that Bitcoin reserves will be managed like gold reserves, signifying increasing government involvement in cryptocurrency policy.
Trump's participation underscores the administration's growing interest in digital assets and the potential impact of upcoming regulatory changes on the U.S. economy.
[1] https://www.wsj.com/articles/us-labor-department-rescinds-guidance-that-limited-cryptocurrency-investments-in-retirement-plans-11678864002[2] https://fortune.com/2023/02/24/us-labor-department-under-labors-new-leadership-considers-revoking-guidance-on-cryptocurrency-in-401ks/[3] https://www.cnbc.com/2024/03/11/lawmakers-push-bitcoin-as-a-strategic-reserve-during-bitcoin-conference.html[4] https://www.politico.com/news/2025/02/24/bitcoin-stablecoin-congress-045701[5] https://www.whitehouse.gov/executive-actions/establishing-interagency-working-group-to-develop-national-regulatory-framework-for-digital-assets/
- The cryptocurrency industry is anxiously awaiting Trump's speech at the Blockworks Digital Asset Summit on March 20th, hoping for clarity on Bitcoin regulation and its future role in the national economy.
- The speech follows executive orders supporting Bitcoin and digital assets in the nation's financial strategy, and signals a shift in government policy toward digital assets.
- The SEC has shown a more favorable regulatory approach, dropping enforcement cases against major cryptocurrency firms and seeking clarification on stablecoin regulations and digital asset taxation.
- Notable cryptocurrency figures, including Michael Saylor from MicroStrategy and James Seyffart from Bloomberg, will feature at the summit to discuss Bitcoin's role in institutional finance, the growing interest of the administration in digital assets, and the potential impact of upcoming regulatory changes on the U.S. economy.
