Trump, who has his own Meme Coin, Promotes Crypto at Industry Conference
The reserves would allow the government to retain the value of digital currencies, he said, adding that was impossible under his predecessor, Joe Biden.
President Donald Trump signaled his continued support for cryptocurrency, saying at an industry conference Thursday morning he wanted to see the United States lead the world in digital asset technology.
In a brief recorded video broadcast to the Digital Assets Summit in New York, Trump, who launched his own meme coin in January that held an overall market value of $2.3 billion Thursday, noted some steps his administration has taken to encourage crypto. He positioned himself as a leading advocate for the technology but was vague about future policy proposals.
“It’s an honor to speak with you about how the United States is going to dominate crypto and the next generation of financial technologies,” he said. “And it’s not going to be easy, but we’re way ahead.”
Trump noted he held the first ever White House digital assets summit this month, appointed a White House artificial intelligence and crypto czar and created a Strategic Bitcoin Reserve and Digital Asset Stockpile.
The reserves would allow the government to retain the value of digital currencies, he said, adding that was impossible under his predecessor, Joe Biden.