In a historic first, President Donald Trump addressed the Blockworks Digital Asset Summit yesterday, marking the first time a sitting U.S. president has spoken at a crypto-focused event. Delivered virtually, Trump’s speech underscored his administration’s firm commitment to fostering crypto innovation and securing America’s dominance in the digital asset space.
Throughout his remarks, Trump emphasized his determination to position the United States as the global leader in Bitcoin and the broader cryptocurrency ecosystem. “We will ensure America becomes the undisputed Bitcoin superpower,” he declared, stressing that his administration’s approach centers on clear, practical regulations aimed at encouraging growth while maintaining financial stability.
Trump pointed to specific actions his government has already taken to solidify this leadership role, including hosting the first-ever White House Crypto Summit. This move, he suggested, reflects a broader commitment to integrating crypto into the national economic strategy and fostering collaboration between policymakers and industry leaders.
One of the most notable aspects of Trump’s speech revolved around the establishment of the Strategic Bitcoin Reserve (SBR) and a broader digital asset stockpile. The president highlighted an executive order he signed mandating the creation of these reserves. The SBR will hold Bitcoin exclusively, while the stockpile will consist of a variety of altcoins. Funding for this initiative will come from assets seized through legal forfeiture processes.
Crucially, Trump assured listeners that his administration has no intention of selling off these digital reserves, distinguishing his approach from that of the previous administration. Under President Biden, seized crypto assets were regularly auctioned off. Trump criticized this strategy, arguing it led to significant missed opportunities. “They sold too soon,” he suggested, referencing claims by David Sacks, the U.S. Crypto Czar, who estimated that the government lost $17 billion due to premature sales.
Another key highlight of Trump’s address was his firm stance against what he described as the previous administration’s regulatory hostility toward crypto, specifically referencing the controversial “Choke Point 2.0.” This term refers to an alleged effort to deny financial services to crypto companies and users. Trump did not mince words, calling the initiative “a disgrace” and asserting that he ended such practices on his first day back in office.
Additionally, Trump made clear his support for stablecoin legislation, urging Congress to move forward on establishing well-defined rules. He stressed the importance of crafting “clear and common-sense” guidelines for dollar-backed stablecoins and broader market structures. This aligns with the recent progress of the GENIUS Act, a significant stablecoin regulation bill that has passed through committee review and now awaits consideration by the full Senate.
In Trump’s view, a robust yet balanced regulatory framework will not only bolster America’s leadership in the crypto sector but also reinforce the strength of the U.S. dollar globally.
With his remarks, Trump delivered a clear message: under his leadership, America intends to embrace the crypto revolution, fostering innovation while ensuring long-term economic dominance in the digital era.
By Alejandro Silva Ramírez, Crypto Analyst & Columnist