Catenaa, Monday, March 10, 2025-President Donald Trump announced plans to sign stablecoin legislation before August and vowed to end what he called “Operation Choke Point 2.0,” a policy he claims has stifled crypto banking access.
Speaking at the White House’s inaugural crypto summit Friday, Trump emphasized his administration’s shift toward a pro-crypto stance, with industry leaders and top government officials in attendance.
The summit included executives such as Coinbase CEO Brian Armstrong and Kraken co-CEO Arjun Sethi, alongside lawmakers like House Majority Whip Tom Emmer, R-Minn.
Administration officials, including Treasury Secretary Scott Bessent and SEC Commissioner Hester Peirce, were also present.
A day before the event, Trump signed an executive order creating a strategic bitcoin reserve, utilizing seized digital assets. The order also formed a US Digital Asset Reserve, which will hold other confiscated cryptocurrencies.
As the US seeks to lead in digital asset innovation, Trump’s commitments signal a regulatory shift that could reshape the crypto landscape.
