Trump vows to make US undisputed Bitcoin superpower and crypto capital of the world

President Donald Trump vowed to make America “the undisputed Bitcoin superpower and the crypto capital of the world” in remarks to the Blockworks Digital Assets Summit on Thursday.A pre-recorded video address by Trump was played at the summit in New York City.The president said his team was ending former President Joe Biden’s administration’s “regulatory war on crypto and Bitcoin,” and Trump said he has called on Congress “to pass landmark legislation creating simple, common-sense rules for stablecoins and market structure.” “With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history.

It’s so big.It’s, I think, as big as you can get,” Trump said. The president told those in attendance that “pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike.” “You will unleash an explosion of economic growth, and with the dollar-backed stablecoins, you’ll help expand the dominance of the U.S.

dollar,” Trump said.“And many, many years to come, it’ll be at the top.And that’s where we want to keep it.

We only want to keep it at the top always.”“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,” Trump said.“And right here, it’s going to be right here in the USA, the good ole USA.

Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.” “Thank you, and good luck.God Bless America,” he concluded. Trump began his address by saying it was an honor to speak about “how the United States is going to dominate crypto and the next generation of financial technologies.”“It’s not going to be easy, but ...