Trump announces strategy to strengthen Bitcoin and crypto in the USA: Clear rules for stablecoins and creation of a Bitcoin reserve are the focus

Trump announces strategy to strengthen Bitcoin and crypto in the USA: Clear rules for stablecoins and creation of a Bitcoin reserve are the focus

Trump outlines measures to support Bitcoin and crypto

President Donald Trump has reiterated his commitment to establishing the United States as a leading country in Bitcoin (BTC) and digital assets. In a video address on March 20 at the Digital Asset Summit in New York, the first time a sitting US president spoke at a crypto industry event, he outlined key measures to promote the crypto industry.

Trump announced that the White House hosted the first Digital Asset Summit two weeks ago, bringing together leading crypto experts for discussions. The focus of the event was on artificial intelligence (AI) and cryptocurrencies. He explained that his decree creating a Bitcoin reserve is the first step in an extensive agenda to promote Bitcoin. This would allow the government to actively purchase Bitcoin, significantly increasing the current holdings of 200,000 BTC.

Regulation of stablecoins

In addition, Trump called for clear rules for stablecoins and called on Congress to pass laws regulating this sector. He believes that clearly defined rules would encourage companies and investors to invest in stablecoins. Key legislative initiatives he mentioned include the GENIUS Act, the Clarity for Payment Stablecoins Act, and the Lummis-Gillibrand Payment Stablecoin Act. These bills aim to create clear regulation for stablecoin issuers, which will also ensure compliance with anti-money laundering laws and promote financial transparency.

Trump emphasized that stablecoins backed by the US dollar could further strengthen the global dominance of the US dollar. Clear regulations would also help integrate stablecoins into the mainstream financial sector. Treasury officials and crypto advisors at the summit supported his view, highlighting the potential of stablecoins to optimize payment systems and strengthen financial stability.

Trump called the energy and passion of the crypto community the foundation of America and expressed enthusiasm for the future of finance in the US. He believes that together America will become the world leader in cryptocurrencies.

Bo Hines, senior advisor on digital assets, recently highlighted the government's strategic priority to further expand BTC holdings in the public interest. He noted that a significant increase in reserve capacity will strengthen the geopolitical position of the United States in the global cryptocurrency sector.

In another move, the US Securities and Exchange Commission (SEC) has recently taken a more moderate stance towards crypto regulation. It has dropped various investigations against companies such as Ripple (XRP), Coinbase, Binance and Kraken, indicating a possible shift in regulatory policy.

Trump’s push for Bitcoin and crypto could potentially be a significant game-changer for the industry by improving the environment for innovation and investment in digital assets in the US.