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Donald Trump doubles down on crypto support but holds off on new policies
On Thursday, the crypto community watched closely as U.S. President Donald Trump delivered a video message to the Digital Asset Summit held in Manhattan. His speech reinforced the strong support he has for digital assets. However, it did not announce any new executive action, which left some attendees disappointed.
Trump’s Crypto Optimism
Trump made it clear that crypto was here to stay, and would play an important role in the financial future. He told a standing-room-only crowd that crypto was the biggest thing in finance. He thanked industry leaders for improving payment systems and banking and for promoting privacy and security for Americans.
He said that crypto would be a catalyst of financial innovation and growth.
Shifting Crypto Policy
Trump didn’t introduce any new measures but he did highlight the actions that his administration had already taken to create a crypto-friendly environment. This includes halting sales of bitcoin seized by the government and encouraging direct collaboration between officials in the crypto industry and those who have seized it.
Trump said, “We are ending the regulatory war waged by the previous administration on Bitcoin and crypto, as well as stopping the illegal Operation Choke Point,” referring to the controversial financial crackdown he believed stifled innovations. Operation Choke Point was more than just a regulation. It’s a shame. All of this is now over as of 2025.
Trump, who began his second term in office on January 20th, has issued two executive orders relating to digital assets. He also formed a working group and created a Bitcoin Reserve using assets previously confiscated.
What is Next for Crypto under Trump?
Before the speech began, there was speculation about Trump’s intentions to address such issues as crypto taxation or debunking through executive action. He reiterated the administration’s position without revealing any new policies.
He said, “It is an honor to talk with you about the United States’ dominance of crypto and next-generation financial technologies.” It’s going to be hard, but it will not be impossible.
Trump courted crypto over the last year through both regulatory rollbacks as well as by creating an environment that is more favorable for digital assets. Trump’s latest comments reaffirm the administration’s dedication to the growth of crypto, even though specific measures are on hold for now.
Final thoughts
Trump’s remarks underscored that he believes the U.S. is capable of leading the crypto-revolution. Although industry leaders may not have expected immediate announcements of policy, the past actions of his administration suggest that crypto is still a top priority. It remains to be determined whether this will translate into policy changes in the months ahead. But one thing is for sure: crypto has a powerful ally at the White House.
