NEWSLETTER
President Donald Trump recently addressed the Digital Blockworks Association Summit in New York City, describing his ambitious aspirations to establish the United States as an important force in the cryptocurrency sectorwith bitcoin (btc) at the forefront.
Trump's vision to maximize federal participations in bitcoin
During his speech, Trump proposed the creation of a National Reserve of bitcoin together with the legislative orientation aimed at promoting a support environment for the cryptographic industry.
“We are finishing the regulatory war of the last administration against crypto and bitcoin,” he said, pointing out a marked deviation of the regulatory position of the Biden administration, which has adopted a more cautious approach to cryptocurrencies.
Trump also emphasized the need for a robust legal framework, stating: “With the appropriate legal framework, large and small institutions will be released to invest, innovate and participate in one of the most exciting technological revolutions in modern history.”
<a target="_blank" href="https://www.washingtontimes.com/news/2025/mar/20/trump-pledges-make-us-undisputed-crypto-superpower/” target=”_blank” rel=”noopener nofollow”>According For the Washington Times, one of the most notable proposals of Trump's management was the establishment of a strategic bitcoin reserve, which he believes will allow the federal government to “maximize the value of their holdings instead of selling them foolishly due to a fraction of their long -term value.”
Push for Stablecoins wins impulse in the United States Senate
During your assistance, Trump also <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-20/trump-reiterates-support-for-crypto-stablecoin-legislation” target=”_blank” rel=”noopener nofollow”>reiterated His support for Stablecoin legislation, stating that such measures would improve the domain of the US dollar in the digital economy.
“I have also asked Congress to approve historical legislation creating simple rules of common sense for the stable and structure of the market,” said President Trump at the New York Summit.
This legislative impulse won a traction last week when the Senate Banking Committee advanced a bipartisan bill designed to regulate private issuance, Stablecoins backed by dollarthat the proponents argue that they could facilitate cheaper and faster transactions.
“You will unleash an explosion of economic growth, and with the stable backed by dollar, it will help expand the domain of the US dollar,” Trump said, emphasizing the long -term benefits of such innovations.
However, Trump's commitments with bitcoin and the broader cryptomision of the industry have not been without Challenges. Despite the enthusiasm, the details of their strategic reserve proposal have not reached the expectations of the industry, and the feeling in the market has fluctuating due to several external factors, including inflation.
This had a negative impact on bitcoin, with the largest cryptocurrency losing up to 22% of its value from January, when it reached its current maximum of all time (ATH) of $ 109,000 per Token.
Currently, bitcoin quotes around $ 84,350, with the level of $ 80,000 that serves as the most crucial support floor within the immediate period, maintaining the key to a greater recovery or a new decrease that could see btc test its next support at $ 76,000.
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