NEW YORK — U.S. President Donald Trump stated on Thursday that with government support, the cryptocurrency sector is poised to take a leading role in the financial realm.
Crypto is “as big as you can get,” he mentioned during a five-minute recorded address at the Digital Asset Summit in Manhattan. The event was well-attended, with a packed audience that largely filled the room just before his remarks and exited soon after he concluded.
“Innovators like you will have the opportunity to enhance our banking and payment frameworks while fostering increased privacy, safety, security, and prosperity for American consumers and businesses,” he shared. “You will ignite a wave of economic expansion.”
Trump pointed out that his administration has already halted the sale of confiscated Bitcoin and is working closely with industry leaders and government officials.
“We’re putting an end to the prior administration’s regulatory onslaught against crypto and Bitcoin, including the unlawful Operation Choke Point. That initiative went far beyond regulation—quite frankly, it was disgraceful,” he remarked, marking his second appearance at a crypto conference after visiting Bitcoin Nashville during the 2024 campaign. “But starting January 2025, all that will change.”
Since beginning his second term on January 20, Trump has signed two executive orders related to digital currencies, following the establishment of a working group focused on digital assets and the creation of a Bitcoin reserve from previously seized resources.
Leading up to Thursday’s address, there was speculation regarding potential announcements about crypto debanking or taxation; however, he did not introduce any new initiatives, reiterating instead the actions his administration has already taken.
“It’s a privilege to discuss how the United States will lead in crypto and the forthcoming wave of financial technologies,” he said. “It won’t be simple, but we are significantly ahead.”
Over the past year, Trump has actively engaged with the crypto sector as he campaigns for the presidency in 2024. He has maintained his backing for the industry through both his executive actions and the efforts of regulators to reverse policies established during the previous Biden administration.