U.S. President Donald Trump has urged Congress to pass measures to regulate stablecoins, aiming to solidify America’s position in the digital assets and blockchain sector. Speaking at the Blockworks Digital Asset Summit on March 20, 2025, Trump pointed out the need for clear and simple rules to guide institutions and ventures in the crypto market.
In his address at the summit, Trump called for a strong legal framework that would support innovation and investment in the digital asset market. He stated that with appropriate regulations in place, businesses of all sizes would have the freedom to participate in what he described as one of the most transformative technological shifts in history.
Trump noted:
“With the correct legislation, both large and small institutions will be empowered to develop and embrace digital assets.”
He also brought up the possibility of stablecoins to strengthen the U.S. financial system and ensure the continued dominance of the dollar on the global stage. Trump’s speech marks the first time a sitting president has spoken at a digital asset conference, further highlighting the increasing importance of cryptocurrencies in national and international financial discussions.
Trump’s Efforts to Make America a Leader in Digital Assets
The summit, held in New York City, is not only for Trump’s participation but also for the growing interest in digital assets across both government and industry sectors. His call for stablecoin legislation comes as part of a broader initiative to transform the U.S. into the world’s premier destination for blockchain-based innovations.
In addition to his recent calls for regulatory clarity, Trump’s administration has made several pro-crypto moves, signaling a shift from prior government hostility toward digital assets. This includes the establishment of the U.S. Digital Asset Stockpile and the creation of a Strategic Bitcoin Reserve, which aim to enhance the country’s cryptocurrency infrastructure.
Criticism of Biden Administration’s Crypto Policy
Trump took the opportunity to review the ways in which the Biden administration handled cryptocurrency regulation during his Blockworks Digital Asset Summit appearance. Trump noted that the government managed digital assets poorly because it sold confiscated Bitcoin at a price much lower than current market value.
Trump highlighted the end of Operation Choke Point 2.0 as the policy which he saw as governmental encroachment causing banking restrictions for cryptocurrency businesses.
The U.S. aims to establish leadership in digital currency supervision as stablecoins and digital assets rise in prominence in worldwide financial systems according to remarks made by Trump at the Blockworks Digital Asset Summit.
