Trump Voices Support for Crypto, Predicts U.S. Dollar Dominance
NEW YORK – Former U.S. President Donald Trump highlighted his continued support for the crypto industry during a video appearance at the Digital Asset Summit in New York City, predicting that digital assets would propel economic growth.
U.S. President Donald Trump speaks at the Digital Asset Summit in New York City.
Speaking in a pre-recorded video, Trump stated that the crypto industry is “as big as you can get.” He praised crypto, continuing his efforts to gain financial and electoral backing since he was in office. “Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike,” he said. “You will unleash an explosion of economic growth.”
Despite the anticipation of new policy announcements, Trump did not unveil any fresh executive actions, instead choosing to reiterate steps his administration has already taken. He pointed out that his administration had halted the sale of seized Bitcoin and had organized discussions between industry leaders and government officials.
“We’re ending the last administration’s regulatory war on crypto and Bitcoin, and that includes stopping the lawless Operation Choke Point. Operation Choke Point went beyond regulation, and I mean far beyond. Frankly, it was a disgrace,” Trump said. This event marked his second appearance at a crypto conference after a live campaign stop at Bitcoin Nashville in 2024.
Since retaking office in January, Trump has signed two executive orders linked to digital assets. The former president previously established a digital assets working group and created a Bitcoin reserve using assets that had been seized.
“It’s an honor to speak with you about how the United States is going to dominate crypto and the next generation of financial technologies,” Trump said. “And it’s not going to be easy, but we’re way ahead.”
Trump has actively courted the cryptocurrency industry over the past year, both through his executive actions and through his regulators’ initiatives to reverse policies enacted during the preceding administration.
