3 min read

TAKE A BREAK

Trump’s Pro-Crypto Speech at DAS Boosts Bitcoin Confidence, Says Expert

Business
Updated: 3/21/2025
Trump’s Pro-Crypto Speech at DAS Boosts Bitcoin Confidence, Says Expert
#Bitcoin #CryptoPolicy #Regulation
U.S. President Donald Trump delivered a pro-crypto message during his keynote address at Blockworks’ Digital Assets Summit (DAS) in New York, signaling growing political and institutional acceptance of digital assets. According to Dan Greer, co-founder of DeFi App, Trump’s remarks affirm a clear and proactive stance from the current administration on cryptocurrency innovation. The address touched on stablecoin legislation, the proposed strategic Bitcoin reserve, and the challenges of crypto debanking. Trump called on Congress to enact “simple and common sense rules” for stablecoins, highlighting the importance of regulatory clarity as a driver of innovation in digital finance.

Momentum Toward Pro-Crypto Regulation

Political Signals Align With Market Needs

The Senate Banking Committee advanced a stablecoin bill last week, and Bo Hines, Executive Director of the President’s Council of Advisers on digital assets, stated that the legislation could reach Trump’s desk soon. Dan Greer praised the administration’s tone, noting that “crypto is now a major force in finance.”

The crypto industry has already seen regulatory tailwinds, including the SEC closing investigations and dropping lawsuits against major firms like Coinbase, Kraken, and Gemini. These shifts are fueling optimism for a friendlier U.S. crypto environment.

DeFi on the Rise

Congressional Support for Decentralized Finance

Earlier this month, the U.S. House voted to overturn the IRS broker rule that would have forced DeFi protocols to report user data. Experts have lauded the vote as a landmark moment, creating a more innovation-friendly legal climate.

Greer emphasized that solving DeFi’s barriers—complexity, costs, and accessibility—requires smart regulation. He believes Trump’s administration is positioned to help drive mass adoption by providing the regulatory support the space needs to flourish.

Strategic Leadership Opportunity

Why the U.S. Must Act Now on Crypto

“Failing to take this chance will push innovation offshore and see the United States fall behind,” Greer warned. His optimism lies in the possibility of crypto-friendly policies that can place the U.S. at the forefront of blockchain innovation.

Trump’s recent initiatives include the first-ever White House crypto summit and an executive order proposing a Strategic Bitcoin Reserve (SBR). He also made a surprise appearance at the Bitcoin Conference 2024, further cementing his visibility within the crypto space.

Key Regulatory Moves in 2025

Progress in U.S. Crypto Legislation

  • Senate advances stablecoin legislation
  • SEC drops major crypto lawsuits
  • IRS broker rule overturned by U.S. House
  • White House hosts first crypto summit
  • Executive order proposes Bitcoin reserve

What Industry Leaders Are Saying

Quotes From the Crypto Frontlines

  • “Trump’s address is a clear sign crypto is a major force in finance.” — Dan Greer
  • “The right regulations can accelerate mass adoption of DeFi.” — DeFi App
  • “Simple rules around stablecoins could reshape digital payments in the U.S.” — Bo Hines