U.S. President Donald Trump addressed the Digital Asset Summit, discussing cryptocurrency industry regulation and the integration of blockchain technology in government structures.
Ending Sale of Seized Bitcoins
At the event, Trump confirmed the cessation of the sale of seized bitcoins and expressed his intent to make the U.S. a cryptocurrency capital. He also commented on the role of dollar-linked stablecoins in strengthening the currency's global dominance.
USAID Reform with Blockchain
There are plans to reorganize the U.S. Agency for International Development (USAID) and incorporate blockchain into its operations. This move aims to enhance security and transparency, according to a report by WIRED.
Stablecoin Regulation and Choke Point 2.0 Criticism
Trump called on Congress to pass a stablecoin regulation bill, emphasizing their significance to the global economy. He also criticized the previous administration's 'regulatory war' against the crypto industry, including Choke Point 2.0, and announced its termination in 2025.
Trump's address at the summit reflects his administration's commitment to advancing cryptocurrencies and blockchain, highlighting opportunities arising from regulatory shifts.
