Key Notes
- President Trump addresses the Digital Asset Summit, potentially announcing policy direction on digital assets.
- Trump advocates for Bitcoin, aiming to make the US a global Bitcoin superpower.
- Industry stakeholders anticipate Bitcoin accumulation strategy, supported by recent remarks from White House advisers.
U.S. President Donald Trump has made history by addressing participants at the ongoing Digital Asset Summit in New York City at North Javits. This will be the first time since the White House Crypto Summit that he will address a gathering of industry stakeholders.
Anticipation Ahead of the Presidential Address
According to an update by Eleanor Terrett, a renowned journalist, President Trump could make a major announcement. The big news from President Trump is likely related to his administration’s policy direction on digital assets.
🚨SCOOP: I’m told a big announcement regarding @realDonaldTrump’s plans for next steps in #crypto policy is coming imminently out of the @blockworksDAS. 👀
— Eleanor Terrett (@EleanorTerrett) March 19, 2025
Industry stakeholders anticipate the president could build on the Bitcoin Strategic Reserve and the U.S. Digital Asset Stockpile. They believe that President Trump could drop clear policy direction detailing how the government will support and effectively regulate the industry.
Although details of the president’s speech were unknown prior, he urged Congress to speedily pass the stablecoin legislation in line with industry demand. He also went pro-Bitcoin at the summit.
“Together, we will make America the undisputed Bitcoin superpower and crypto capital of the world,” President Trump said addressing industry stakeholders.
With this proclamation, some quarters speculate that President Trump could issue another executive order soon. This time, the order might address the challenges users in the crypto industry face when accessing banking services.
The anticipation among crypto stakeholders is also building after recent bullish comments by Bo Hines, Executive Director of the White House President’s Council of Advisers on Digital Assets. At the DAS earlier in the week, Hines hinted at the current U.S. administration’s desire to accumulate Bitcoin
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He maintained that President Trump remained keen on stockpiling Bitcoin and not giving 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” Hines declared.
Will President Trump Embrace Aggressive Bitcoin Accumulation?
Notable attendees at the Digital Asset Summit in New York include Strategy Inc. Chairman Michael Saylor, ARK Invest’s CEO Cathie Wood, and Ripple CEO Brad Garlinghouse among others.
On the government side, Mohamed El-Erian, Chief Economic Advisor; Tom Emmer, Majority Whip, Financial Services Committee, and Tara La Morte, Chief of the Illicit Finance and Money Laundering Unit. The event marked a turning point in the history of digital assets in the United States and awakened the stagnated crypto market.
Interestingly, Senator Cynthia Lummis, the head of the Senate Banking Subcommittee on Digital Assets, and Congressman Nick Begich re-introduced the Bitcoin Act Bill legislation. The bill’s goal is to support the accumulation of the coin. Their proposal targets the acquisition of one million Bitcoin over the next five years.
The market reaction to Trump’s showup at the Digital Assets Summit is mixed. While Bitcoin price is maintaining support at $85,065 atop a 0.47% growth in 24 hours, most altcoins are seeing a reversed trend. Ethereum is down 4.44% to $1,974.63, while Binance Coin (BNB) is up 2.24% to $623.59.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.