According to authoritative media Blockworks, U.S. President Donald Trump will deliver a speech today (local time March 20) at the Digital Asset Summit (DAS) held in New York. This marks the first time in history that a sitting U.S. president has publicly addressed a cryptocurrency industry conference, signifying a significant shift in the U.S. government's attitude towards the digital asset sector. The summit brings together heavyweight figures from both politics and business, and Trump's speech is expected to reveal the direction of his subsequent cryptocurrency policy, drawing significant attention from global financial markets.
Background of the Summit and Key Guests
The Digital Asset Summit is hosted by Blockworks and is scheduled to take place from March 18 to 20, 2025, in New York. As a global financial center, New York has played an increasingly important role in Bitcoin, decentralized finance (DeFi), and the digital asset ecosystem in recent years. From the launch of spot Bitcoin and Ethereum ETFs to the gradual integration of stablecoins and tokenized assets into the global financial system, financial institutions in New York are embracing the crypto ecosystem with an open attitude. However, the regulatory path for this emerging industry in the U.S. remains unclear, and the summit aims to explore the future development trajectory of digital assets in the U.S. through dialogue among political and business leaders.
In addition to Trump's speech, the summit has invited numerous notable figures, including U.S. Congress members Ro Khanna and Tom Emmer, as well as leaders in the crypto industry such as MicroStrategy CEO Michael Saylor and Ripple CEO Brad Garlinghouse. Furthermore, former FOX business reporter Eleanor Terrett revealed that Trump will announce his subsequent crypto policy during the summit, further raising market expectations.
Blockworks has confirmed that Trump's speech will be broadcast via a pre-recorded video at 10:40 AM Eastern Time on March 20 and will be live-streamed on X platform and YouTube. This arrangement not only reflects Trump's emphasis on the digital asset industry but also provides an opportunity for global audiences who cannot attend in person to participate.
Trump's Cryptocurrency Position and Policy Expectations
Since his 2024 presidential campaign, Trump's attitude towards cryptocurrency has undergone a 180-degree turn. During the campaign, he promised at the Bitcoin 2024 conference held in Nashville to make the U.S. the "global crypto capital" and first proposed the idea of establishing a national Bitcoin reserve. After taking office, Trump quickly fulfilled his promise. Since his inauguration on January 20, 2025, he has signed a series of executive orders directing regulatory agencies to facilitate the development of digital assets, established a White House crypto advisory team, and officially created the "U.S. Strategic Bitcoin Reserve and Digital Asset Inventory."
On March 7, Trump hosted the first "Crypto Summit" at the White House, inviting industry leaders including Saylor, Garlinghouse, and Coinbase CEO Brian Armstrong to discuss establishing a government-held digital asset reserve program. White House sources revealed that the reserve will be initiated based on Bitcoin obtained by the federal government through criminal or civil forfeiture procedures and will be managed by the Treasury Department, referred to as the "virtual Fort Knox of digital gold."
Former FOX reporter Terrett stated on the X platform that Trump's speech at the Digital Asset Summit will further clarify his crypto policy direction. The market widely speculates that he may address issues such as stablecoin regulation, tax policy, and the U.S. strategic positioning in global crypto competition. Additionally, the Trump administration has recently nominated several officials supportive of the crypto industry to key positions in the Securities and Exchange Commission (SEC) and the Treasury Department, demonstrating its determination to promote industry development.
Reactions and Expectations from Industry Leaders
One of the summit guests, MicroStrategy CEO Michael Saylor, is a staunch supporter of Bitcoin. He has predicted that Bitcoin's market value could grow from the current approximately $2 trillion to $200 trillion, with the price of a single Bitcoin potentially reaching $10 million. He believes that if the U.S. can hold 10% to 20% of the global Bitcoin network, it will effectively manage national debt. Saylor stated in an interview with CNBC: "Trump's executive orders bring good omens for the U.S. and the crypto industry, which will inspire a new wave of confidence in digital assets among businesses and governments."
Ripple CEO Brad Garlinghouse also brought significant news just before the summit. On March 19, he announced at the DAS venue that the U.S. Securities and Exchange Commission (SEC) has officially dropped its long-standing lawsuit and appeal against Ripple Labs. This decision is seen as a major victory for the crypto industry and is closely related to the changes in the regulatory environment since Trump's administration. Garlinghouse posted on the X platform that he welcomes Trump's acknowledgment of the diversity in the cryptocurrency world, moving beyond the limitations of Bitcoin as a single asset. He also revealed that Trump had proposed including XRP, associated with Ripple, as one of the candidate assets for the strategic reserve.
Congressman Tom Emmer publicly praised Trump's vision at the White House crypto summit, calling him "the leader of 21st-century finance." Emmer stated: "A few years ago, we could not have imagined such a conference being held at the White House. Trump's leadership has made this a reality."
Significance of the Summit and Future Outlook
Jason Yanowitz, co-founder of Blockworks, expressed on the X platform: "A few years ago, we struggled to even invite bank representatives to attend. Now, a sitting president will address 2,500 institutional participants; the speed of industry development is astonishing." This summit not only affirms the achievements of the crypto industry but also signals a deep integration of U.S. policy with digital assets.
Trump's speech is expected to provide more clarity for the industry. Whether it is the improvement of the regulatory framework or the specific implementation of the strategic reserve, the market and investors are looking forward to his statements injecting new vitality into the crypto ecosystem. However, as Blockworks noted in another commentary: "Trump's support for crypto is a double-edged sword. Without substantial legislation, the next administration could easily overturn all of this."
Regardless, the Digital Asset Summit on March 20, 2025, is destined to become a milestone event in the history of cryptocurrency. Trump's remarks will not only influence the direction of the U.S. market but may also set the tone for the development of global digital assets. As the speech approaches, all eyes are on New York, anticipating how this president will fulfill his promise to "make America a crypto superpower."
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