Trump: "The US will establish a clear market framework to dominate the future of cryptocurrencies and Bitcoin"

U.S. President Donald Trump pledged to establish a clear regulatory framework for the future leadership of the virtual asset (cryptocurrency) industry.

According to the cryptocurrency-focused media Bitcoin Magazine on the 12th (local time), President Trump stated in a speech at the 'State of Crypto Summit' hosted by Coinbase, "We will build a clear and simple market framework so that the United States can dominate the future of virtual assets and Bitcoin (BTC)."

He began by saying, "I'm pleased to be speaking today with pioneers who are building the future of technology and finance," and added, "Many call me the first crypto president, which is a tremendous honor."

He stressed, "From my first day in office, I ended the Biden administration's war on cryptocurrencies," and continued, "We are supporting American innovators so they can lead new frontiers."

He further explained, "We ended Operation Chokepoint 2.0, launched the first presidential working group on digital assets, and appointed Paul Atkins, a person who values freedom and innovation, as Chairman of the U.S. Securities and Exchange Commission (SEC)." Operation Chokepoint 2.0 had been regarded in the industry as a measure restricting banking access for virtual asset businesses.

He also briefly mentioned the U.S. government's Bitcoin stockpiling policy. President Trump stated, "Through the United States Digital Assets Stockpile, we are preparing the US Strategic Bitcoin Reserve."

He also clarified future policy directions. He said, "Our administration is currently working with Congress to pass the Genius Act to support a dollar-based stablecoin ecosystem," adding, "It's a very exciting time for both the industry and our country. Wishing everyone the best of luck."