Trump shifts economic strategy to prioritize cryptocurrency, hosting White House Crypto Summit

From Cointelegraph

March 8, 2025 08:49:05 AM:

US President Donald Trump has shifted his economic strategy to prioritize cryptocurrency, hosting a White House Crypto Summit on March 7. This move signals a national focus on crypto policy and aims to make the US a global blockchain innovation hub. The summit was hailed as a historic day by Crypto.com CEO Kris Marszalek. Trump’s policies, like reversing Operation Chokepoint 2.0, have eased banking restrictions for crypto firms. The US OCC also relaxed rules on banks engaging with crypto shortly after Trump vowed to end crackdowns on banking services for crypto companies. Two major bills, the Stablecoin bill and the Market Structure bill, are pending congressional approval to address regulatory uncertainty in the US crypto industry. Ongoing dialogue with key regulators, such as the CFTC and SEC, could lead to landmark legislation. Trump’s executive order on March 7 outlined plans to establish a Bitcoin reserve using cryptocurrency forfeited in government criminal cases. Analysts view this as a significant step toward integrating Bitcoin into the global financial system. Trump’s focus on bolstering crypto innovation in the US requires time to establish regulatory frameworks and set the right tone, according to experts in the industry.

Read more at Cointelegraph: Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategy