What Did Trump Say on the Night of the Cryptocurrency Surge?
On August 20th, former President Donald Trump delivered a speech at a White House meeting attended by key figures from the cryptocurrency industry, traditional finance, and regulatory bodies like the SEC and CFTC. He praised attendees, including executives from Coinbase, Robinhood, Nasdaq, and others, for their role in ensuring the future of financial markets is built in America.
Trump sharply criticized the previous administration's approach to crypto, claiming "radical left" efforts used "weaponized" regulations to stifle innovation and drive it overseas. He contrasted this with his own actions, which he said included firing SEC Chairman Gary Gensler, ending the "war on crypto," and signing significant executive orders and legislation like the GENIUS Act to support stablecoins and blockchain technology.
He highlighted several of his administration's policies: establishing a U.S. Strategic Bitcoin Reserve, creating a U.S. Digital Asset Stockpile, and banning Central Bank Digital Currencies (CBDCs). Trump emphasized that under these policies, the crypto industry is now "booming," and America is attracting record investment and leading in crypto, AI, and financial technology.
The speech concluded with a call for Congress to pass the "CLARITY Act," which he described as crucial market structure legislation to maintain America's competitive edge over countries like China and enable the next wave of innovation.
Odaily星球日报08/20 01:56