Donald Trump Addresses Coinbase Conference to Discuss U.S. Crypto Plans
June 12, 2025 – In a notable engagement with the cryptocurrency community, U.S. President Donald Trump addressed attendees at Coinbase’s State of Crypto Summit via a prerecorded video message. This marks his ongoing commitment to advancing cryptocurrency policies one year after taking office.
During the address, Trump emphasized that his administration’s efforts in the cryptocurrency space are far from over. He outlined several initiatives aimed at fostering the growth of digital assets in the United States. These initiatives include executive orders designed to establish a national Bitcoin (BTC) reserve and the formation of a working group dedicated to digital assets. Additionally, he highlighted the nomination of Paul Atkins to chair the Securities and Exchange Commission (SEC) as part of his administration’s regulatory efforts.
“My administration is working with Congress to pass the GENIUS Act supporting the creation of dollar-backed stablecoins,” Trump stated, further expressing his goal of creating a regulatory framework that would position America to lead in the future of cryptocurrencies and Bitcoin.
The president’s remarks come as Congress is actively deliberating on legislation concerning payment stablecoins. The Senate is expected to vote on the GENIUS Act, which aims to provide clarity and regulation in this sector. Additionally, lawmakers in the House of Representatives are evaluating the CLARITY Act, which seeks to define the roles of the SEC and the Commodity Futures Trading Commission (CFTC) regarding digital asset regulation.
Legislative Developments and Challenges
As of Thursday, the Senate had yet to vote on the GENIUS Act after a majority of lawmakers invoked cloture to move forward. The CLARITY Act successfully passed through committee earlier in the week, positioning it for a full vote in the House.
However, some members of Congress, particularly from the Democratic Party, have indicated opposition toward the legislation unless it addresses concerns regarding Trump’s personal and family ties to the cryptocurrency industry. Notably, World Liberty Financial, a crypto platform associated with Trump’s family, has introduced its own stablecoin, prompting questions about potential conflicts of interest.
Past Appearances and Context
This summit appearance marks Trump’s second direct communication with cryptocurrency advocates since his presidential term began. Previously, he addressed attendees at the Digital Asset Summit in New York City and spoke in person at the Bitcoin 2024 conference in Nashville as part of his re-election campaign.
The president’s engagement comes during a tumultuous period in his presidency, with recent headlines focusing on a controversial $45 million military parade spending bill and the mobilization of 4,000 National Guard troops in Los Angeles in response to public protests. Additionally, an ongoing dispute between Trump and Tesla CEO Elon Musk regarding government contracts has further complicated the political landscape, impacting market sentiments.
As the crypto industry continues to navigate uncertain regulatory waters, Trump’s proactive stance and commitments could significantly influence the future of digital assets in the United States. With key legislative votes on the horizon, the landscape for cryptocurrencies remains dynamic and prone to rapid changes.
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