Trump Promotes US as Crypto Capital at Summit

In a historic address at the Blockworks Digital Asset Summit, President Donald Trump proclaimed that the U.S. will become the 'undisputed bitcoin superpower' and the global crypto capital. He outlined several initiatives, including the recent White House Crypto Summit and the establishment of a strategic Bitcoin reserve aimed at maximizing the value of government holdings. Trump criticized the previous administrations for their regulatory stance on cryptocurrency, specifically targeting Operation Chokepoint 2.0, which he deemed a form of lawfare. He called for Congress to implement straightforward legislation for stablecoins and digital asset market structures, fostering an environment for investment and innovation. Following Trump's remarks, Bitcoin experienced a slight uptick, reflecting market optimism about his pro-crypto stance. The president's message emphasized the potential for economic growth and the importance of the U.S. dollar in the evolving financial landscape.