President Trump has called on Congress to act swiftly on stablecoin laws within the U.S. Talking on the Digital Assets Summit, Trump said that such laws would strengthen the U.S. greenback’s place as the worldwide reserve foreign money.
Trump who’s the primary sitting president to communicate on the Digital Assets Summit hosted by Blockworks related this urgency to his broader imaginative and prescient of U.S. management within the crypto area, alongside his plans for a Strategic Bitcoin Reserve.
Trump had earlier said that the federal government would amass Bitcoin from felony and civil forfeiture proceedings with out promoting it, per his March 6, 2025, government order.
The president added that there can even be a separate U.S. Digital Asset Stockpile for different cryptocurrencies. “Collectively we’ll make America the undisputed Bitcoin superpower and crypto capital of the world,” he stated to the viewers on the Digital Assets Summit.
Donald Trump shifted from criticizing cryptocurrencies, name it a “rip-off” and “catastrophe” in 2021 to embracing them by 2024. He started accepting crypto donations for his marketing campaign, spoke at Bitcoin conferences, and promised to make the U.S. a crypto chief, culminating in pro-crypto insurance policies like a Strategic Bitcoin Reserve after his 2025 inauguration.
On March 7, 2025, Trump held a Digital Assets Summit on the White Home, praising crypto pioneers and outlining his pro-crypto agenda. Early in 2025, his administration started reversing Biden-era enforcement actions in opposition to crypto companies, easing trade restrictions.
August goal for extra laws
He slammed the Biden administration’s previous “warfare on crypto,” contrasting it along with his administration’s pro-crypto shift, together with easing regulatory pressures on the trade. Trump reiterated his marketing campaign promise to make America the “crypto capital of the world,” anticipating digital asset laws, together with stablecoin laws, to attain his desk by August 2025.
As Trump pushes for a safer crypto market within the US, there have been studies of the Securities and Alternate Fee dropping instances in opposition to crypto companies. The SEC agreed to dismiss its enforcement case in opposition to Coinbase in February 2025, ending a high-profile lawsuit alleging the trade operated as an unregistered securities platform.
In February 2025, it reached an settlement to dismiss its case in opposition to Consensys concerning its MetaMask service. The SEC additionally closed its investigation into OpenSea, a significant NFT market, by March 2025, with no costs filed.
Robinhood, Uniswap, Gemini, Ripple, Kraken, and Yuga Labs have additionally had their instances or investigations with the SEC dropped.
