Key Takeaways
- US President Donald Trump will reportedly address a Digital Asset Summit in New York on March 20, 2025.
- This will be the first time a sitting US President has spoken formally at a crypto conference.
- The market is expected to reach positive if the President signals support for the crypto ecosystem.
US President Donald Trump is set to address participants at the Digital Asset Summit in New York on Thursday, March 20, 2025. His speech will be the first time a sitting president has ever addressed a crypto industry conference.
According to an announcement from the Executive Director of the White House’s President’s Council of Advisers on Digital Assets, Bo Hines, Trump’s appearance is confirmed. Even though there are suggestions it may not be live, some sources believe he could deliver a pre-recorded message instead.
Address Via Recording
Writing on her X page, renowned Fox Business journalist Eleanor Terrett said:
“Got some clarity on this — multiple sources at the DAS Conference tell me President Trump is/was planning to livestream into the conference today or tomorrow to address the crowd. I’m told this may happen but could be done via a taped recording.”
Earlier this week, Hines alluded to the administration’s desire to stockpile Bitcoin for its recently announced strategic Bitcoin reserve. Speaking to a crowd last Tuesday, Hines said:
“It’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away […] I’ve been asked all the time, it’s like how much do you want, right? I mean, as much as we can get.”
Ripple Vs SEC Case Update
According to sources familiar with the development, the New York Digital Asset Summit will also feature other keynote speakers, including lawmakers Ro Khanna and Tom Emmer and crypto industry moguls like Strategy’s Michael Saylor and Ripple CEO Brad Garlinghouse. It should be noted that Garlinghouse announced Wednesday that the SEC had formally dropped its appeal in the Ripple vs. SEC lawsuit in a landmark decision.
Conclusion
The news comes when the crypto market is already showing signs of recovery, especially following an announcement that the FED wasn’t planning to hold any rate cuts. However, there’s news that at least two rate cuts could happen later in the year. There’s a widespread belief that Donald Trump’s address at the digital asset summit could create a positive sentiment in the market, especially if he signals a favorable regulatory approach towards the cryptocurrency market.
Frequently Asked Questions
Who is impacted by crypto regulation in the US?
Crypto laws in the US impact a wide range of stakeholders in the digital asset ecosystem, including investors, traders, crypto exchanges, stablecoin issuers, crypto miners, DeFi platforms, consumers, developers, and financial institutions.
How is cryptocurrency regulated in the US?
The Financial Conduct Authority ensures that crypto companies follow best practices to prevent money laundering and terrorism financing, while the Advertising Standards Authority aims to regulate cryptocurrency advertising.
What is the potential impact of Trump’s involvement in crypto?
Trump’s plan for a strategic Bitcoin reserve could trigger a crypto’ arms race’ and reshape the global economic order. However, critics believe his easing regulations could leave many unprotected from financial manipulation, misconduct, and bursting bubbles.
