Ending regulatory war on crypto and Bitcoin, says Donald Trump as the US president promises to make America 'Crypto capital of the world'

The US President Donald Trump vowed to make America "the undisputed Bitcoin superpower and the crypto capital of the world." In a pre-recorded video address played at the Blockworks Digital Assets Summit in New York City on Thursday, Mach 20, Trump said that his administration is ending former President Joe Biden's "regulatory war on crypto and Bitcoin" and has called on Congress to pass "landmark legislation creating simple, common-sense rules for stablecoins and market structure."
According to a report in New York Post, President Trump told attendees that "pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike," unleashing "an explosion of economic growth" and helping "expand the dominance of the US dollar" with dollar-backed stablecoins. He added, "With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history."
The President reportedly began his address by saying that it was an honor to speak about "how the United States is going to dominate crypto and the next generation of financial technologies," noting, "It's not going to be easy, but we're way ahead." Two weeks ago, Trump recalled, his administration hosted the first-ever White House Digital Asset Summit, bringing together White House artificial intelligence and crypto czar David Sacks and top crypto leaders to discuss the industry's future.
Trump also mentioned signing an order "creating the brand-new strategic Bitcoin Reserve and the U.S. digital assets stockpile, which will allow the federal government to maximize the value of its holdings instead of foolishly selling them for a fraction of their long-term value, which is exactly what Biden did." Sacks likened the Bitcoin Reserve to "a digital Fort Knox for the cryptocurrency often referred to as 'digital gold.'" Trump wrapped up his remarks by saying, "Thank you, and good luck. God Bless America."