Trump to Address Crypto Summit, US to Accumulate Bitcoin

President Donald Trump is set to address the Digital Asset Summit in New York City on Thursday, March 20, marking the first time a sitting president will speak at a crypto industry conference. This event underscores the growing significance of digital assets in the global financial landscape and the administration's increasing interest in this sector.

The announcement follows remarks by Bo Hines, the Executive Director of the White House’s Presidents Council of Advisers on Digital Assets, who spoke at the summit earlier in the week. Hines highlighted the administration's intention to accumulate Bitcoin for the recently announced strategic bitcoin reserve, emphasizing the importance of securing digital assets for the American people. He stated, "It’s high time that our president started accumulating assets for the American people, which is what President Trump is doing rather than taking it away."

Hines also addressed the question of how much Bitcoin the administration aims to acquire, responding with, "I’ve been asked all the time, it’s like how much do you want, right? I mean, as much as we can get." This statement reflects the administration's proactive approach to integrating digital currencies into its financial strategies, positioning the United States as a leader in the digital asset space.

The summit features a lineup of notable speakers, including lawmakers Rep. Ro Khanna and Rep. Tom Emmer, as well as industry executives such as Strategy CEO Michael Saylor and Ripple CEO Brad Garlinghouse. Garlinghouse made a significant announcement during his speech, revealing that the SEC had dropped its appeal against his firm. This development highlights the ongoing regulatory challenges and advancements within the digital asset industry.

The address by President Trump will be available to watch through the event’s livestreams, providing a platform for the administration to share its vision for the future of digital assets. The summit's discussions and announcements reflect the administration's strategic vision for digital assets, positioning the United States as a leader in this rapidly evolving field. The event is expected to foster further dialogue and collaboration within the digital asset community, driving innovation and growth in the sector.