"We're going to be the undisputed crypto capital and Bitcoin superpower of the world. Bitcoin's very powerful. It's all becoming powerful. So many people, now, they want to pay you in crypto."
"Last year I signed the landmark Genius Act into law, creating a clear and simple framework for dollar-backed stablecoins. This was a historic achievement, and I will not allow Democrats and their big bank donors to deter progress."
"Regulatory developments tied to the address included joint interpretations issued by the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, which categorized many digital assets, including bitcoin, ether, and XRP, as digital commodities."
President Trump emphasized the importance of the U.S. becoming a leader in bitcoin and crypto markets during his speech at the Future Investment Initiative Summit. He highlighted the need for America to stay ahead of competitors like China in the crypto revolution. Trump referenced the Genius Act, which established a framework for dollar-backed stablecoins, and noted bipartisan support for crypto. Recent regulatory developments by the SEC and CFTC categorized many digital assets as commodities, aligning with the Genius Act and promoting clearer oversight.
Read at news.bitcoin.com
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