The U.S. president attended the Blockworks Digital Asset Summit crypto event. Trump said he would stop selling confiscated bitcoins and bring crypto market participants into partnerships. He also criticized the previous administration's ”regulatory war” against the crypto industry. In particular, his administration's ambition to make the US the crypto capital of the world. At the same time, he added that the sale of confiscated bitcoins has been stopped, and representatives of the crypto industry are involved in cooperation with the government. Note that by an executive order dated March 7, 2025, the U.S. President founded a strategic bitcoin reserve based on cryptoassets seized in criminal and civil cases. Trump emphasized that regulatory changes will spur economic growth: ”Thanks to you innovators, our banking and payment system will be better, promoting greater privacy, security and prosperity for American consumers and businesses. You will be able to spark an explosion of economic growth.” Recall that Trump first announced his intention to make the U.S. the cryptocurrency capital of the world at the Bitcoin 2024 conference in July 2024. Also, the US president noted the role of dollar-linked stablecoins in strengthening the global dominance of the US currency. Note that the executive director of the ”cryptocurrency council” Bo Hynes shared an opinion on approving the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) bill in the next two months. In addition, Trump sharply criticized the previous administration for its ”regulatory war” against the crypto industry, particularly the Operation Choke Point 2.0 program that restricted financial transactions of cryptocurrency companies. ”This policy has gone too far. Frankly, it's been disgraceful. But as of January 2025, it's going to end,” Trump emphasized. We previously wrote about Trump's creation of a digital assets task force focusing on market structure, stablecoins, and analyzing the nation's stock of cryptoassets. Donald Trump Urged To Pass a Bill on Stablecoins US President Donald Trump called on Congress to pass a bill to regulate stablecoins. He said this during a speech at the Digital Asset Summit 2025. According to him, ”stable coins will increase the dominance of the dollar.” Trump also criticized the bank's discrimination against cryptocurrency companies, which has been dubbed ”Operation Chokepoint 2.0” in the industry. Earlier, journalists reported on the head of state's plans to end debunking of industry participants. ”We are ending the regulatory war against cryptocurrencies and bitcoin launched by the previous administration, and that includes stopping the illegal Chokepoint operation. [It] went far beyond regulation [...]. Frankly, it was a disgrace. But as of January 2025, it's all in the past,” he noted. In the address, Trump promised to make America ”the undisputed bitcoin superpower and crypto capital of the world.” He noted that his administration has already stopped the sale of confiscated digital assets. ”Innovators like you will be able to improve our banking and payment system and promote the privacy, security, and well-being of American consumers and businesses alike,” the president emphasized. Bitcoin has lost 1.7% in the last 24 hours ( CoinGecko ). At the time of writing, the asset is trading around the $83 700 mark. On March 6, Trump signed an executive order establishing the Strategic Bitcoin Reserve (SBR), which provides for the storage of assets seized by the Treasury Department in criminal and civil cases. The next day, the White House hosted a crypto summit with the head of state, which disappointed investors due to the lack of specificity in the government's announced plans for the industry. Trump Administration Integrates Blockchain Into USAID's Work The United States plans to reorganize the U.S. Agency for International Development (USAID) and integrate blockchain into the body's work. This is reported by WIRED with reference to the document. In particular, the administration of US President Donald Trump plans to change the name of USAID to the US Agency for International Humanitarian Assistance (IHA) and report directly to the US Secretary of State. In addition, as part of the reorganization, the agency will use blockchain technology in the procurement process. ”All distributions will be secured and tracked using blockchain technology, greatly enhancing security, transparency, and traceability. This approach will foster innovation and efficiency among implementing partners and allow for greater flexibility and responsiveness, focusing on real impact rather than just the execution of activities and outputs,” the document said. WIRED noted that plans to use blockchain also surprised agency officials. Consultant Linda Raftree, who helps humanitarian organizations adopt new technologies, said it looks like a bogus technological solution to a problem that doesn't exist. There are no examples of people using blockchain if existing tools could not be used, she added. Access Now's Giulio Coppi, who has researched the use of blockchain in humanitarian projects, said that blockchain, while sometimes effective, has no clear advantages over other tools such as existing payment systems or other databases. He added: ”There is no evidence that it is cheaper or better. The way it's been presented is a technological approach that has been proven time and time again to have no significant impact on reality.”
