At the recent Coinbase Summit, U.S. President Donald Trump reiterated his support for the cryptocurrency industry and discussed several new regulatory initiatives.
Calls for Crypto Regulation
In his 90-second video, Trump repeated his administration's promise to end the 'war' on cryptocurrencies. He mentioned the establishment of a crypto working group that would develop policy in this sector.
New Initiatives: GENIUS Act
Trump also highlighted the GENIUS Act, currently being discussed in Congress. This initiative aims to support the creation of dollar-backed stablecoins and the establishment of simple market frameworks for the U.S. to dominate Bitcoin and cryptocurrency.
Discussion of Mutuum Finance (MUTM)
While the summit covered a broad range of topics, the conversation also touched on the Mutuum Finance (MUTM) project, which aims to introduce utility functions to decentralized finance through a decentralized non-custodial lending protocol.
Trump's appearances at the summit, several years after his first address to the crypto industry, highlight significant shifts in federal-level policy and may play a pivotal role in the future of the cryptocurrency sector.
