President Trump Advocates for Stablecoin Legislation and Strategic Bitcoin Reserve
- President Donald Trump urged Congress to pass stablecoin legislation during a video address at the Blockworks Digital Asset Summit in New York City.
- This marks the first time a sitting US president has addressed a digital assets conference.
- The GENIUS Act, which recently passed the Senate Banking Committee, is among several stablecoin bills under consideration.
- Trump signed an executive order to create a Strategic Bitcoin Reserve with an estimated 200,000 BTC.
- The SEC is shifting away from enforcement-heavy approaches, closing investigations without charges against crypto businesses.
In his address at the Blockworks Digital Asset Summit, President Trump highlighted stablecoins as pivotal for economic growth and announced plans for a Strategic Bitcoin Reserve of approximately 200,000 BTC.
Source (2.6)https://cryptobriefing.com/trump-tax-free-crypto-policy/?rand=59535
