Manhattan – The president of the United States, Donald Trump, again promoted his crypto in good faith at a conference on Thursday, telling an audience that it was an “honor” to be considered a cryptographic president.
Speaking in a 90 -second recorded video in the state of Coinbase (Coin) State of Crypto Summit (unrelated to the Coindesk Bulletin with the same name), Trump reiterated the comments he has made in other events about ending the so -called war of his predecessor against Crypto and forming a working group to examine the digital acts.
Trump also referred to the legislation that made his way through Congress.
“My administration is working with the governors to approve the Genius law that supports the creation of Stablecoins backed by dollar, and we will also work to create clear and simple market frames that will allow the United States to dominate the future of Crypto and Bitcoin,” he told a room full of scattered applause.
The Senate Genius Law will go through a procedural vote on Thursday, after a successful effort on Wednesday. Meanwhile, two key committees of the House of Representatives advanced a draft market structure on Tuesday.
Trump also pointed out his executive order to establish a national bitcoin
Reserve, saying: “We create the strategic bitcoin reserve of the USA and the United States digital assets reserve”, although neither of them has yet been created.
Coinbase donated a million dollars to Trump’s inaugural fund, and was a great sponsor of Fireshake Super Pac in the 2024 elections. Dozens of millions of dollars are already committed to Fireshake for the 2026 elections.
After his comments, the CEO of Coinbase, Brian Armstrong and the CEO of Circle (CRCL), Jeremy Allaire, reflected on cryptography and evolutions of their respective companies, arguing that cryptography could become a larger part of the global financial system.
Allaire, whose company became public in the New York Stock Exchange last week, said it was difficult for Circle to meet with sponsors or other entities a decade ago.
“It was incredible to me that, as, literally, I would enter a room with an insurance company, [and] They were literally literally, as, we were not sure that we were allowed to have this meeting, “Allaire said.
