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MANHATTAN — U.S. President Donald Trump again touted his crypto bona fides astatine a league Thursday, telling an assemblage it was an "honor" to beryllium considered a crypto president.
Speaking successful a 90-second recorded video astatine Coinbase's (COIN) State of Crypto Summit (no narration to the CoinDesk newsletter with the aforesaid name), Trump reiterated comments he's made astatine different events astir ending his predecessor's alleged warfare connected crypto and forming a moving radical to analyse integer assets.
Trump besides referenced authorities moving its mode done Congress.
"My medication is moving with governors to walk the GENIUS Act supporting the instauration of dollar-backed stablecoins, and we besides volition beryllium moving to make wide and elemental marketplace frameworks that volition let America to predominate the aboriginal of crypto and bitcoin," helium told a filled country to scattered applause.
The Senate's GENIUS Act volition spell done a procedural ballot connected Thursday, pursuing a successful effort connected Wednesday. Meanwhile, 2 cardinal House committees precocious a marketplace operation measure connected Tuesday.
Trump besides noted his enforcement bid connected establishing a nationalist bitcoin BTC reserve, saying, "we created the US Strategic Bitcoin Reserve and the United States Digital Asset stockpile," though neither has really been created yet.
Coinbase donated a cardinal dollars to Trump's inaugural fund, and was a large backer of the Fairshake ace PAC successful the 2024 election. It's already committed tens of millions of dollars to Fairshake for the 2026 election.
Following his remarks, Coinbase CEO Brian Armstrong and Circle (CRCL) CEO Jeremy Allaire reflected connected crypto and their respective company's evolutions, arguing that crypto could go a bigger portion of the planetary fiscal system.
Allaire, whose institution went public connected the New York Stock Exchange past week, said it was hard for Circle to conscionable with backers oregon different entities a decennary ago.
"It was astonishing to maine that, like, I'd virtually locomotion successful a country with an security company, [and] they were literally, like, we were not definite we're allowed to person this meeting," Allaire said.
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