Trump once again vows to make the US a 'bitcoin superpower' in short address at crypto conference
Quick Take President Trump, due to show at 10:40 a.m. ET, appeared on screen at the conference at 11 a.m. ET. to repeat actions he has made in a move to bolster crypto, while bashing former President Joe Biden. Trump has been embraced by many in the crypto industry for his friendlier approach to digital assets than the previous Biden administration.
President Donald Trump vowed to make the U.S. the "undisputed Bitcoin superpower" along with being the "crypto capital of the world," in his address to a room full of digital asset stakeholders on Thursday.
Several hundred people packed a hall on the fourth floor of the Jacob Javitz Center in Manhattan to hear President Trump's short five-minute address to the Blockworks Digital Asset Conference. Blockworks founder Jason Yanowitz noted that Trump's appearance marked the first time a sitting president has spoken to a crypto conference.
Trump, due to show at 10:40 a.m. ET, appeared on screen at the conference at 11 a.m. ET. to repeat actions he has made in a move to bolster crypto, while bashing former President Joe Biden.
"We're ending the last administration's regulatory war on crypto and bitcoin, and that includes stopping the lawless 'Operation Choke Point 2.0.,'" Trump said.
Trump has been embraced by many in the crypto industry for his friendlier approach to digital assets than the previous Biden administration. Since taking office, Trump has issued crypto-related executive orders and tapped crypto-friendly leaders to head key agencies.
Trump previously called for an end to "Operation Choke Point 2.0" during a White House crypto summit earlier this month. That phrase was coined by Castle Island Ventures co-founder Nic Carter in 2023, drawing a comparison to Operation Choke Point 1.0, a 2013 U.S. Department of Justice Initiative that sought to limit banking services for industries considered high-risk for fraud and money laundering, including payday lenders and firearm dealers.
Trump has not yet signed an executive order addressing debanking. However, he has signed a handful of crypto-related executive orders since taking office in January, including one to create a bitcoin reserve and another that created a working group made up of federal agency leads to focus on digital asset reports, among other tasks.
Trump signed that executive order to create a strategic bitcoin reserve and a digital asset stockpile earlier this month. The words "reserve" and "stockpile" have been used interchangeably, but sources have noted there are key differences between the two as to whether the U.S. government will proactively acquire cryptocurrencies.
That executive order 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," Trump said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound catches bid as BoE hawk warns inflation is embedded
AI Agents Ignite CPU Demand! Mizuho Estimates Market Size to Reach $209 Billion by 2030, Raises Target Prices for AMD (AMD.US), Intel (INTC.US), etc.
Mizuho stated that with the rapid increase in application scenarios for AI agents, server CPU demand is expected to grow significantly, which will further drive demand for DRAM, NAND, and server equipment.
Top Midday Stories: Google Strikes 20-Year Nuclear Power Deal With Constellation; Marvell Raises Revenue Guidance for 2026-27
11:45 AM EDT, 10/06/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Tuesday, as oil prices and Treasury yields were down. In company news, Alphabet's (GOOG, GOOGL) Google has entered into a 20-year deal with Constellation Energy (CEG) to add 890 megawatts of nuclear power to the PJM interconnection grid, the companies said Tuesday. The agreement will enable over $4.3 billion in investments in new equipment and technology at 11 Constellation nuclear facilities in Illinois, Pennsylvania and New Jersey, the companies said. Alphabet's Class C and Class A shares were up 0.3% and 0.6%, respectively, around midday. Constellation shares were up 13.7%. Marvell Technology (MRVL) now expects to generate revenue of $12 billion in 2026 and $18 billion in 2027, up from its previous guidance of a combined $20 billion over that period, Chairman and Chief Executive Matthew Murphy said Tuesday at a conference, according to a transcript. Marvell shares were up 7.0%. McKesson (MCK) and CD&R have entered into a definitive agreement to acquire Option Care Health (OPCH) for $32.05 per share, reflecting a total enterprise value of about $5.8 billion, the companies said Tuesday. After the deal closes, which is expected to occur in H1 2027, CD&R will hold a majority interest of 51% in Option Care Health, while McKesson will invest $1.4 billion to hold the remaining 49%, the companies said. McKesson shares were up 0.1%, while Option Care shares were up 32.7%. Uber Technologies (UBER) has agreed to acquire ezCater for $2.3 billion in cash, the ride-hailing company said Tuesday. The deal, expected to close in the coming months, will expand Uber's catering orders and give restaurants access to larger orders and more customers, the company said. Uber shares were down 0.4%. Energy Transfer (ET) said Tuesday it has entered into a definitive agreement to acquire Vaquero Midstream in a bolt-on deal valued at about $2.63 billion. The deal consideration will consist of $1.95 billion in cash and about 33.3 mill
Oil prices and the euro resonate, signaling an inflection point for major assets
Crypto prices
More
