Trump Says Crypto Will Strengthen the Power of US Dollar

At the Digital Asset Summit 2025 in New York City, former U.S. President Donald Trump delivered a video-recorded speech, reinforcing his strong support for cryptocurrency and financial innovation.

One of Trump’s biggest announcements was the creation of a U.S. Bitcoin Strategic Reserve. He explained that instead of selling seized Bitcoin at low prices, his administration would hold and manage these assets strategically to maximize their long-term value.

He also criticized the previous Biden administration for its approach to crypto regulations and promised a more pro-crypto environment under his leadership.

Trump also declared that his administration had ended the regulatory crackdown on crypto, specifically referring to Operation Choke Point 2.0, which had cut off crypto businesses from banking services.

He called it “a disgraceful overreach of government power” and stated, “Operation Choke Point went far beyond regulation—it was a weapon used against the industry. But as of January 2025, all of that is over.” He promised to protect crypto businesses and ensure fair treatment under U.S. law.

A further major focus of his address was on stablecoins and the future of the U.S. dollar in digital finance. Trump called on Congress to enact clear and easy regulations for stablecoins, maintaining that proper regulation of U.S. dollar-backed stablecoins would make the dollar more dominant worldwide.

He said, “The dollar is already the strongest currency in the world, and with stablecoins, we’re going to keep it that way for many, many years to come.” He also noted that having a strong legal framework for stablecoins would attract major institutions and investors to the U.S. crypto market.

Throughout his speech, Trump expressed confidence in the crypto industry’s role in shaping the future of finance, stating that people will ones who improve our banking and payment systems, promote greater privacy and security, and unleash an explosion of economic growth.

He ended his address by reaffirming his administration’s commitment to supporting innovation and ensuring that the U.S. remains a global leader in digital assets.