- Trump pledged to make the U.S. a Bitcoin superpower and end anti-crypto policies like Operation Chokepoint 2.0.
- The Strategic Bitcoin Reserve will hold 200,000 BTC, with a commitment to never sell government-owned Bitcoin.
- The administration is pushing stablecoin legislation to help maintain the U.S. dollar’s dominance in global finance.
President Donald Trump doubled down on his commitment to making the U.S. a Bitcoin superpower at the first-ever White House Crypto Summit on March 7. His message? The crypto industry has powerful allies in Washington, and the days of regulatory hostility are over.
“I know that many of you have been fighting for years for this, and it’s an honor to be with you at the White House,” Trump said, kicking off the event.
Ending the “War on Crypto”
Trump didn’t hold back when addressing past anti-crypto policies. He accused regulators of strong-arming banks into shutting down crypto accounts, blocking transactions, and using the government as a weapon against the industry—practices tied to Operation Chokepoint 2.0.
“All of that will soon be over,” Trump declared. “We are ending Operation Chokepoint 2.0.”
He also criticized the Biden administration, claiming they only softened their stance on crypto when elections approached.
“In the end, they came around—but only for votes.”
The Strategic Bitcoin Reserve: A Bold Move
Trump reaffirmed his executive order establishing the Strategic Bitcoin Reserve, calling it “foolish” that the U.S. had previously sold off so much of its seized Bitcoin.
“The federal government is already one of the largest holders of Bitcoin—really, one of the largest in the world—with as many as 200,000 BTC obtained through civil enforcement actions,” Trump said. “These holdings will form the foundation of the new reserve.”
From now on, he emphasized, the U.S. would never sell its Bitcoin—a rule familiar to Bitcoiners worldwide.
A Focus on Stablecoins and Financial Innovation
Trump expressed strong support for stablecoin legislation, urging lawmakers to pass a bill before Congress’ summer recess.
“This is a tremendous opportunity for economic growth and innovation in our financial sector,” he said. “It will go a long way.”
Treasury Secretary Scott Bessent echoed Trump’s stance, stating that the administration is working to rescind previous IRS guidance that stifled crypto innovation. He also confirmed that the U.S. plans to use stablecoins to help maintain the dollar’s dominance as the world’s reserve currency.
Industry Leaders in Attendance
The summit brought together a who’s who of crypto, with executives from Coinbase, Ripple, Kraken, Gemini, Chainlink, and Robinhood in attendance. Tyler and Cameron Winklevoss of Gemini, alongside Chainlink’s Sergey Nazarov, were among the industry leaders who spoke during the livestreamed session.
A senior White House official later clarified the administration’s crypto stance: while Bitcoin will remain the core of the U.S. crypto reserve, non-Bitcoin assets seized in enforcement actions will be placed into a separate stockpile—with no new taxpayer funds allocated for additional altcoins.
America’s Crypto Strategy: Leading, Not Following
Trump compared the crypto race to artificial intelligence, underscoring the importance of U.S. leadership in both fields.
“It’s important we stay in front of this one,” he said. “We should be in the lead, just like we are in AI.”
With the administration taking an aggressive stance on crypto expansion, Bitcoin accumulation, and stablecoin regulation, the White House has flipped the script on Washington’s relationship with digital assets.
For now, the message is clear: crypto has a permanent seat at the table.
