Former President Donald Trump is set to deliver remarks at the Digital Asset Summit in New York on March 20, according to reports.
This event will mark a historic first, as it will be the first time a sitting U.S. president addresses a cryptocurrency conference.
Trump’s involvement highlights his acceptance of an industry that faced over 100 enforcement actions from federal regulators during the presidency of Joe Biden.
“When we launched our initiative, it was difficult to get any banking representatives to join us at events,” said Jason Yanowitz, one of the co-founders, in a post on March 19.
“Now we have a sitting U.S. President speaking to 2,500 institutional participants. It’s remarkable to see how much this industry has evolved,” Yanowitz remarked.
Reports indicate that Trump will address the audience via a video at 10:40 a.m., as noted by Fox Business reporter Eleanor Terrett in a post.
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Shifting Political Dynamics
During his 2024 presidential campaign, Trump addressed the Bitcoin 2024 conference in Nashville, Tennessee, where he vowed to establish America as the “world’s crypto capital” and hinted at creating a national Bitcoin (BTC) reserve.
Since taking office on January 20, Trump has issued executive orders directing regulatory agencies to adapt to digital assets, formed a White House crypto advisory group, and initiated a U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile.
He has also appointed industry-friendly leaders to significant regulatory roles, including positions within the U.S. Securities and Exchange Commission (SEC) and the Treasury Department.
Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, spoke at the Digital Asset Summit earlier this week.
On March 19, during the Summit, Brad Garlinghouse, CEO of Ripple Labs, announced that the SEC was dropping its lengthy enforcement action against the blockchain company.
Since Trump’s inauguration, the SEC has also dismissed allegations against various crypto firms, such as Coinbase, Kraken, and Uniswap, for purported violations of securities laws.
The organization did not clarify the specific topics Trump intends to address during his speech, scheduled for Thursday morning.
There was no immediate response from White House representatives or Hines to requests for comments.
Executives within the crypto sector have expressed hope that Trump will offer greater regulatory clarity on issues such as stablecoin regulations and taxation.
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