President Trump has just delivered a brief pre -recorded speech to Digital Asset Summit, his first address as an in -office. He focused on past achievements and referred to the new Stablecoin developments.
Trump suggested that he could help create more stablescoins supported in dollars in the near future, but he did not make a firm commitment. However, the federal government could use such an asset to provide enormous quantities of liquidity to the entire cryptography ecosystem.
Trump’s Speech
Since his entry into office, President Trump has had a huge impact on American cryptography policy. Yesterday, it was announced that Trump would speak this morning to Digital Asset Summit in New York. Via the pre -recorded broadcast, he spoke of his existing achievements and underlined his hope for regulation of the stablescoin:
“I have called on Congress to create simple and common sense rules for stablescoins and market structure. With the right legal framework, large and small institutions will be able to invest, innovate and participate in one of the most exciting technological revolutions in modern history, “he said.
It is not Trump’s first experience to speak at a summit like this; Two weeks ago, he organized a crypto summit in the White House. However, this did not have a huge impact on the markets. Compared, he had a huge splash when he spoke in front of a crowd at the Bitcoin conference in Nashville. The community hoped that its speech today would build a bullish feeling.
Lately, the cryptographic community has desperately been desperate for a bullish story. The credible fears of an American recession discourage the investment, and the assets “made in USA” suffered from previous disappointments. However, Stablecoin regulations can be able to integrate the crypto in the US economy and into the world economy in general.
“With the supported stables of a dollar, you [the community] Will help extend the domination of the US dollar for many years to come. It will be at the top, and that’s where we want to keep it, “he added.
This clear signal that Trump wants to help the stablecoins supported in dollars, maybe even creating new ones, could be enormous. Recently, the members of its greatest orbit would have been in talks with Binance on the creation of such an active. By merging the American economy with these tokens, Trump could provide a huge amount of liquidity to the whole space.
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