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President Trump’s speech re-echoed his openness to engage in key crypto policy to position the U.S. as a global crypto powerhouse.
U.S. Government Wants to Lead the Way on Bitcoin
Donald Trump, incoming U.S. president delivered a goodwill speech at the crypto policy summit in Washington organized by the Blockchain Association.
In his speech, Trump restated the U.S. government’s pro-crypto stance, assuring the gathering of blockchain enthusiasts that the U.S. intends to keep “our business in the United States, rather than China or some other place” in reference to bitcoin.
The policy summit drew participation from the two chambers of the U.S. Congress along with dozens of crypto industry leaders, including a16z, Coinbase, Consensys, Grayscale, Messari, Ripple, Uniswap, IoTeX, and Filecoin with discussions on the process of industry rules and regulations.
Larry Pang, head of Iotex ecosystem said, “The next 100 days are crucial for legislation in the U.S. crypto industry. Decentralized physical infrastructure network has been listed as a priority legislative area alongside stablecoins, defi, staking.”
A presentation by Dritan Nesho, CEO of Harrisxdata showed how voters in the last U.S. elections reacted to Donald Trump’s and Kamala Harris’ stance on digital assets.
“7/10 crypto investors took the candidates’ digital issues policies into consideration when choosing who to vote for. They view the future of crypto as one of the top issues facing the U.S. 25% of voters own crypto now.”
The policy conversations wrapped up with a session on “Moving the Needle: Market Structure, Stablecoins, and SAB 121” with participation from Congressmen Wiley Nickel and Mike Flood, and Nilmini Rubin, Chief Policy Officer at Hedera.