Trump: "Expanding Dollar Dominance with Cryptocurrency... Making Bitcoin a Superpower"

Trump: "Cryptocurrency Will Drive Explosive Economic Growth and Expand Dollar Dominance"
Pledges to Make the U.S. a Bitcoin Superpower Through Pro-Crypto Policies

U.S. President Donald Trump stated on the 20th (local time) that the cryptocurrency industry will "help drive explosive economic growth and expand the dominance of the U.S. dollar." He also reiterated his intention to make the United States a Bitcoin superpower and the capital of cryptocurrency through pro-cryptocurrency policies.

In a virtual speech at a cryptocurrency conference held in New York, Trump said, "Pioneers like you can improve banking and payment systems and enhance greater privacy, safety, security, and wealth for both American consumers and businesses." He added that to achieve this, he would utilize "stablecoins backed by the dollar."

During the speech, he introduced his pro-cryptocurrency policies. Since his presidential campaign last year, Trump has pledged pro-cryptocurrency policies and, after the start of his second term, has pursued actions such as signing an executive order on cryptocurrency strategic reserves, requesting legislative deregulation, and hosting the White House Digital Asset Summit.

Reuters Yonhap News

Regarding the cryptocurrency strategic reserves, President Trump stated, "It will maximize the value of assets held by the federal government." He particularly criticized former President Joe Biden by saying, "There is no need to foolishly sell at an amount that is only a part of the long-term value."

On the Biden administration's cryptocurrency regulations, he said, "It was frankly shameful, a kind of law enforcement and weaponization through the government," adding, "But since my inauguration on January 20, all of that has ended."

Furthermore, President Trump emphasized, "Cryptocurrency will remain at the top for a long time, and we want to keep that position," and stated, "We will make the United States the undisputed Bitcoin superpower and the world's capital of cryptocurrency."