{"id":22278,"date":"2025-03-20T18:31:30","date_gmt":"2025-03-20T16:31:30","guid":{"rendered":"https:\/\/forklog.com\/en\/donald-trump-urges-congress-to-pass-stablecoin-legislation\/"},"modified":"2025-03-20T18:31:30","modified_gmt":"2025-03-20T16:31:30","slug":"donald-trump-urges-congress-to-pass-stablecoin-legislation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/donald-trump-urges-congress-to-pass-stablecoin-legislation\/","title":{"rendered":"Donald Trump Urges Congress to Pass Stablecoin Legislation"},"content":{"rendered":"<p>U.S. President Donald Trump has called on Congress to pass legislation regulating stablecoins. He made this statement during his speech at the Digital Asset Summit 2025.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"President Donald Trump to deliver message at Digital Assets Summit\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/VnBp61bH_Nk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>According to him, &#8220;stablecoins will enhance the dominance of the dollar.&#8221;<\/p>\n<p>Trump also criticized banking <span class='old_tooltip' data-descr='discrimination'>discrimination<\/span> against cryptocurrency companies, known in the industry as &#8220;Operation Chokepoint 2.0.&#8221; Earlier, journalists reported on the president&#8217;s plans to <span class='old_tooltip' data-descr='put an end to'>put an end to<\/span> the debanking of industry participants.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are ending the regulatory war against cryptocurrencies and Bitcoin, waged by the previous administration, and this includes stopping the illegal Operation Chokepoint. [It] went far beyond regulation [\u2026]. Frankly, it was a disgrace. But as of January 2025, all of this is in the past,&#8221; he noted.<\/p>\n<\/blockquote>\n<p>In his address, Trump promised to make America the &#8220;undisputed Bitcoin superpower and crypto capital of the world.&#8221; He noted that his administration has already ceased the sale of confiscated digital assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Innovators like you will be able to improve our banking and payment system, as well as contribute to enhancing the privacy, security, and prosperity of both American consumers and businesses,&#8221; the president emphasized.<\/p>\n<\/blockquote>\n<p>In the last hour, Bitcoin has lost 1.6% (<a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>). At the time of writing, the asset is trading around $85,100.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"730\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-03-20_18-42-47-1024x730.png\" alt=\"BTCUSDT_2025-03-20_18-42-47\" class=\"wp-image-254605\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-03-20_18-42-47-1024x730.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-03-20_18-42-47-300x214.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-03-20_18-42-47-768x547.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2025-03-20_18-42-47.png 1219w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On March 6, Trump <span class='old_tooltip' data-descr='signed an order'>signed an order<\/span> establishing a Strategic Bitcoin Reserve (SBR), which provides for the storage of assets confiscated by the Treasury in criminal and civil cases. The following day, a crypto summit was held at the White House with the president&#8217;s participation, which <span class='old_tooltip' data-descr='disappointed investors'>disappointed investors<\/span> due to the lack of specifics in the government&#8217;s plans for the industry.<\/p>\n<p>In the U.S., there are <span class='old_tooltip' data-descr='intentions'>intentions<\/span> to introduce a bill aimed at protecting the SBR from potential cancellation by a future head of state.<\/p>\n<p>A survey conducted by Data For Progress showed that 51% of voters <span class='old_tooltip' data-descr='do not support'>do not support<\/span> the creation of a Bitcoin reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President Donald Trump has called on Congress to pass legislation regulating stablecoins. He made this statement during his speech at the Digital Asset Summit 2025. According to him, &#8220;stablecoins will enhance the dominance of the dollar.&#8221; Trump also criticized banking discrimination against cryptocurrency companies, known in the industry as &#8220;Operation Chokepoint 2.0.&#8221; Earlier, journalists [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,991,807,26],"class_list":["post-22278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-donald-trump","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22278"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22277"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}