Trump Says U.S. Will Dominate Crypto And Next Generation of Financial Technologies
- Trump promises U.S. dominance in crypto for economic growth through digital assets.
- Donald Trump highly praised the crypto industry for improving U.S. banking systems.
- He uttered that he has put an end to the crypto war started during Biden’s administration.
On March 20, 2025, President Donald Trump delivered a bold statement, declaring the U.S. will “dominate crypto and the next generation of financial technologies.” The president was speaking at the Digital Asset Summit in New York, where he commended the potential of the crypto industry for economic growth. He asserted that the sector’s pioneers could improve U.S. banking and payment systems considerably.
Trump’s vision of digital assets as a catalyst for economic expansion comes at a time when his administration’s tariff policies have sparked concerns about a potential recession. However, the president expressed confidence that digital assets, especially dollar-backed stablecoins, will play a key role in fortifying the U.S. economy and securing the global dominance of the U.S. dollar.
President Trump’s Vision for Crypto’s Future
During his speech at the Blockworks Digital Asset Summit, President Trump highlighted the steps his administration has taken to support the crypto industry. Trump also mentioned the establishment of the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile, which were both created under his leadership.
Moreover, Trump called on Congress to enact legislation that would set clear and simple rules for stablecoins and market structure. He emphasized that with the right legal framework, businesses of all sizes would be empowered to innovate and invest in the fast-evolving digital asset sector.
Related:Trump-Linked SPAC Seeks $179M for Crypto & Defense
Trump’s Commitment to Ending Regulatory Struggles
President Trump further criticized the regulatory practices of the previous administration, particularly the controversial Operation Choke Point 2.0. In that, he called this act an illegal government activity beyond regulation and, to him, a government weaponization. The Trump administration promised that as of January 2025, these practices would no longer exist so that businesses in the crypto sector can blossom.
Trump seized the occasion to fortify his resolution to make the U.S. a thought leader in digital assets, emphasizing the innovative spirit of the crypto community. Trump said, “The energy and passion of crypto community is the kind of spirit that built our country”. He concluded by reiterating that he believes that the U.S. will continue to be the world leader in finance and innovation, with crypto being at the forefront of this development.
