- The President of the United States asserts that the nation will lead in cryptocurrency and establish itself as the global hub for crypto.
- He emphasizes major initiatives such as the White House Crypto Summit, the conclusion of Operation Chokepoint 2.0, and an executive directive concerning a Strategic Bitcoin Reserve.
- The President urges institutions to engage, innovate, and participate in the cryptocurrency landscape while Congress drafts regulations for stablecoins.
- Bitcoin is trading around the $86,000 mark, experiencing a rapid increase just minutes after the President’s speech at the Blockworks Digital Asset Summit.
The President of the United States made history as the first incumbent to address a crypto summit, engaging with investors, traders, financial institutions, and industry professionals. In a pre-recorded message, he spoke about significant achievements during his administration related to cryptocurrencies, highlighted the recent White House Crypto Summit, and shared his vision for the industry’s future.
Top 5 Notable Quotes from the President on Crypto
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Crypto Leadership and White House Crypto Summit
“The United States is poised to take the lead in cryptocurrency and the upcoming wave of crypto innovations. While the path may be challenging, we are significantly ahead in this area. Just weeks ago, we convened the inaugural White House digital asset summit, featuring many of the leading figures in the crypto community, with discussions driven by a dedicated White House AI & Crypto Czar.”
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Strategic Bitcoin Reserve and US Digital Asset Collection
“During that same week, I enacted an order establishing a new strategic Bitcoin reserve and a US Digital Asset collection, enabling the federal government to enhance the value of its assets rather than recklessly selling them for a fraction of their true worth.”
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Dismantling Operation Chokepoint 2.0, Ending Regulations on Crypto
“We are putting an end to the preceding administration’s regulatory conflict with crypto and Bitcoin, which encompasses halting the unlawful Operation Chokepoint 2.0. This operation went well beyond regulation; it was an example of government overreach and weaponization. Simply put, it was unacceptable. But as of January 20, 2025, that will all change.”
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Congress to Pass Significant Stablecoin Legislation
“I have urged Congress to enact transformative legislation that will provide straightforward, sensible regulations for stablecoins and market frameworks. With the appropriate legal structure in place, institutions of all sizes can invest, innovate, and engage in one of the most thrilling technological shifts of our time.”
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Message for the Crypto Community of Traders, Investors, and Institutions
“Innovators like you have the potential to enhance our banking and payment systems while fostering greater privacy, safety, and overall well-being for American consumers and businesses. You will catalyze unprecedented economic growth, and with dollar-backed stablecoins, you will help solidify the dominance of the US Dollar, ensuring it remains at the forefront for years to come.”
“I sense that the energy and enthusiasm of the crypto community embodies the spirit that built our nation, and it’s thrilling to witness as you shape the future of finance right here. This evolution will take place in the USA.”
In his closing statements, the President urged those present to strive for making America the undeniable Bitcoin superpower and the leading crypto capital globally.
Bitcoin remains around the $86,000 threshold as of this writing.