Trump Says Cryptocurrency Will Rise the Power of the USD

At the 2025 Digital Asset Summit in New York City, former U.S. President Donald Trump delivered a recorded speech, reinforcing his strong support for cryptocurrency and financial innovation. One of Trump's biggest announcements is the establishment of the U.S. Strategic Bitcoin Reserve Fund. He explained that instead of selling seized Bitcoin at a low price, his administration would strategically hold and manage these digital assets to maximize their long-term value. He also criticized the previous Biden administration for its approach to cryptocurrency regulations and promised to create a more supportive environment for cryptocurrency under his leadership. Trump also declared that his administration had ended the crackdown on cryptocurrency, particularly the Stop 2.0 campaign, which cut off cryptocurrency businesses from banking services. He called it "a shameful abuse of government power" and declared, "The Choke Point campaign has gone beyond regulation - it is a weapon used against the industry. But starting in January 2025, all of that will be over." He promised to protect cryptocurrency businesses and ensure fair treatment under U.S. law. Another key focus in his speech was on stablecoins and the future of the US dollar in digital finance. Trump called on Congress to enact clear and straightforward regulations for stablecoins, asserting that proper regulation of stablecoins backed by the US dollar would make the dollar more dominant worldwide. He stated, "The dollar is currently the strongest currency in the world, and with stablecoins, we will maintain that position for many years to come." He also noted that having a solid legal framework for stablecoins will attract large institutions and investors into the U.S. cryptocurrency market. During his speech, Trump expressed confidence in the role of the cryptocurrency industry in shaping the future of the financial sector, stating that those who improve the banking and payment systems, promote higher privacy and security, as well as create an economic growth boom will be such people. He concluded his speech by reaffirming the administration's commitment to supporting innovation and ensuring that the United States remains the global leader in digital assets.