President Donald Trump regularly aligns his administration with the cryptographic industry. On March 20, he addressed a community conference for the first time since his elected official.
Speaking at Blockworks Digital Asset Summit on March 20 in a pre-recorded declaration, Trump reiterated that the United States would take measures to ensure that it is the “cryptographic capital of the world”.
The president welcomed the recent change of regulation in the cryptography industry in relation to the previous administration and added:
“Pioneers like you will be able to improve our banking and payment system and promote greater confidentiality, security, security and wealth for American consumers and businesses. You will trigger an explosion in economic growth. ”
“With supported stablecoins of a dollar, you will help extend the domination of the US dollar for many years to come,” continued the president.
President Trump has signed several Pro-Crypto decrees, including the order of January 23, the commissioning of the working group on digital assets and another establishing a Bitcoin strategic reserve alongside a distinct stab.
President Trump approaches the summit of digital assets. Source: Cointelegraph / Turner Wright
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Mixed reactions at the top of white house cryptography
President Trump welcomed the first summit of White House cryptography, bringing together industry leaders to discuss the future of cryptographic regulatory policy on March 7.
During the meeting, the Treasury Secretary, Scott Bessent, said that the United States would focus on the success of stable regulations and stable-coated stables as a means of guaranteeing that the US dollar remains the world reserve currency.
Speaking during the Digital Asset Summit Blockworks, BO HINES, Executive Director of the Digital Asset Councilors, said that a stable bill will probably be presented to President Trump over the next two months.
The secretary of the Treasury Scott Bessent discusses the plans of Stablecoin at the top of the cryptography of the White House. Source: The Associated Press
The highly anticipated Crypto Summito did not meet expectations, the cryptographic community expressing mixed reactions at the top.
Institutional investors and managers tended to characterize the historical nature of the event as a net positive for industry, while retail investors and the Bitcoin community tended to consider the event as disappointing.
“The summit of the White House crypto is a gathering of lobbyists looking for rent that push surveillance tokens approved by the state,” wrote the maximalist Bitcoin (BTC) Justin Bechler in a post X.
The price of Bitcoin decreased by 7.3% in the days which followed the summit of the cryptography of the White House and the strategic reserve order of Bitcoin, which stipulated that the government could not acquire more BTC through neutral budgetary strategies.
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