SEC crypto roundtable as Trump plans regulatory changes
Donald Trump becomes the first sitting U.S. President to address a Crypto Conference and calls for American leadership in digital assets and stablecoin regulation.
In a historic first, President Donald Trump addressed the Blockworks Digital Asset Summit, vowing that the United States would “dominate crypto and the next generation of financial technologies.”
Speaking in a recorded message, Trump highlighted recent meetings with crypto industry leaders at the White House and touted his executive order to establish a strategic bitcoin reserve.
Trump urged Congress to pass legislation providing “simple, common-sense rules” for stablecoins and market structure, emphasizing that dollar-backed digital assets could help strengthen the dominance of the U.S. dollar.
“With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history,” he said.
The president also positioned crypto as a tool for financial growth, privacy, and security, stating that pioneers in the industry could improve banking systems while protecting consumer wealth.
However, he took aim at regulators under the Biden-Harris administration, accusing them of using government power to suppress the industry through excessive oversight.
With the SEC recently dropping cases against key crypto firms, Trump’s comments signal a potential policy shift that could reshape the digital asset landscape in the U.S.
As lawmakers debate stablecoin regulations, industry leaders are watching closely to see if Trump’s vision for crypto-friendly policies will materialize.
Les Borsai, the Co-Founder of Wave Digital Assets joins Veronica Dudo to discuss.