At the Blockworks Digital Asset Conference, former U.S. President Donald Trump delivered a pre-recorded speech vowing to transform the United States into a Bitcoin superpower. He outlined a crypto-forward policy, promising regulatory reforms, a national Bitcoin reserve, and clearer stablecoin legislation to position America as the global leader in digital assets.
Ending the “War on Crypto”
Trump accused the Biden administration of waging a regulatory war on crypto, particularly through Operation Choke Point 2.0, which restricted banking services to crypto-related businesses. He pledged to dismantle these restrictions, ensuring a pro-crypto financial system in the U.S.
Bitcoin Reserve: A Strategic Move?
One of Trump’s most controversial proposals was the creation of a Bitcoin reserve, a move he claims would strengthen the U.S. economy.
- Trump’s argument: The government should hold BTC rather than selling it cheaply, as he claims the Biden administration did.
- Criticism: While some view this as a smart long-term investment, others fear it could lead to market manipulation by the government.
Pushing for Stablecoin and Crypto Legislation
Trump called on Congress to draft clear and simplified regulations for stablecoins and the broader crypto industry. His team has already begun appointing crypto-friendly regulators to federal agencies, boosting industry optimism.
The Future of Bitcoin Under Trump’s Plan
With Trump’s Bitcoin reserve proposal, regulatory rollbacks, and legislative pushes, his crypto-friendly stance marks a significant shift in U.S. digital asset policy. Whether these promises materialize or remain campaign rhetoric, the crypto market is now watching closely.