According to Blockworks, it will be the first time a sitting president has addressed a cryptocurrency conference.
According to Blockworks, US President Donald Trump will give a speech on March 20 at the company’s Digital Asset Summit in New York.
According to a March 19 release from Blockworks, his speech will be the first time a sitting US president has ever addressed a cryptocurrency conference.
Trump’s attendance at the event demonstrates his support for a sector of the economy that was the focus of more than 100 enforcement proceedings by federal regulators under the tenure of former US President Joe Biden.
One of Blockworks’ co-founders, Jason Yanowitz, stated in a post on the X platform on March 19 that “when we started Blockworks, we could barely get someone from a bank to attend an event.”
“A current US president is now speaking to 2,500 institutional participants. The progress our business has made is astounding,” Yanowitz remarked.
Fox Business reporter Eleanor Terrett stated in an X post that Blockworks has verified Trump will speak to guests via a video recording at 10:40 am.
Related: CEO Garlinghouse claims the SEC will withdraw its case against Ripple
Shifting political fortunes
Speaking at the Bitcoin 2024 conference in Nashville, Tennessee, during his 2024 presidential campaign, Trump made a commitment to establish America as the “world’s crypto capital” and alluded to plans to establish a national Bitcoin BTC$84,200 reserve.
Trump has established a US Strategic Bitcoin Reserve and Digital Asset Stockpile, established a White House crypto advisory council, and issued executive orders directing regulatory agencies to accept digital assets since taking office on January 20.
Additionally, he has appointed pro-industry executives to important regulatory positions, such as those at the Treasury Department and the US Securities and Exchange Commission (SEC).
Speaking earlier this week at the Digital Asset Summit was Bo Hines, executive director of the President’s Council of Advisers on Digital Assets.
While attending the Summit, Brad Garlinghouse, CEO of Ripple Labs, declared on March 19 that the SEC was ending its years-long enforcement case against the blockchain company.
The SEC has also withdrawn proceedings against other cryptocurrency companies, including as Coinbase, Kraken, and Uniswap, for allegedly breaking securities rules since Trump took office.
Blockworks stated that Trump will speak Thursday morning, but it did not outline the subjects he would discuss.
Cointelegraph’s request for comment was not immediately answered by Hines or White House representatives.
In March, leaders in the cryptocurrency sector told Cointelegraph that they hoped Trump will clarify regulations on issues like taxation and stablecoin regulation.
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On March 6, U.S. House of Representatives majority whip Rep. Tom Emmer proposed legislation that would have prohibited a CBDC in the United States.
In March, Senator Cynthia Lummis of Wyoming also proposed the Bitcoin Act, which expands on a previous law with the same name but permits the US to buy more than one million Bitcoin BTC ($84,252).
