On Thursday, President Donald Trump called on the United States to become a “Bitcoin superpower,” becoming the first president to address a cryptocurrency conference.
“It is exciting to watch as you invent the future of finance,” Trump said in virtual remarks to the Blockworks Digital Asset Summit. “And it’s going to be right here in the USA — the good old USA. Together, we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”
WATCH: @POTUS becomes the first sitting president to address a crypto conference:
“We’re ending the last administration’s regulatory war on Crypto and Bitcoin. That includes stopping the lawless Operation Choke Point 2.0… it was a form of lawfare through government… pic.twitter.com/vKEIdDJGTM
— Rapid Response 47 (@RapidResponse47) March 20, 2025
Trump’s message, recorded inside the Oval Office and delivered to the conference just before noon, emphasized his optimism for cryptocurrency generally and for the U.S. to be a leader in its development.
“I signed an order creating the brand-new strategic Bitcoin reserve and the U.S. digital asset stockpile,” Trump said, “which will allow the federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long-term value, which is exactly what [former President Joe] Biden did.”
Trump, 78, is a major booster of digital currency and says that cryptocurrency can be developed while preserving the U.S. dollar as the world’s reserve.
In his remarks, which lasted roughly two minutes, he also blasted the Biden administration for what he sees as mismanagement on the issue.
“We’re ending the last administration’s regulatory war on crypto and Bitcoin, and that includes stopping the lawless operation Chokepoint 2.0, which went beyond regulation — and I mean far beyond. It was a form of lawfare through government weaponization.”
Trump held the first-ever White House crypto summit earlier this month, where he made similar remarks about digital currency.
On Thursday, he called on Congress to pass legislation creating “commonsense rules” for stablecoins, market structure, and the legal framework that will allow further investment and innovation in the space.
“It’s so big, it’s, I think, as big as you can get,” the president said. “Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security, and wealth for American consumers and businesses alike.”
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He said that emerging technology in finance will create an explosion of economic growth while expanding the dominance of the U.S. dollar.
“With the dollar-backed stablecoins, you will help expand the dominance of the U.S. dollar for many, many years to come,” Trump said. “It will be at the top, and that’s where we want to keep it. We only want to keep it at the top. Always.”