U.S. President Trump Advocates for a ‘Clear and Simple’ Crypto Framework at Coinbase Summit
June 12, 2025 – Manhattan, New York – In a bold declaration of support for the cryptocurrency sector, U.S. President Donald Trump expressed his intention to create "clear and simple" frameworks for digital assets during a video address at the Coinbase State of Crypto Summit. The president affirmed his pride in being regarded as the "crypto president," a title that he believes underscores his administration’s commitment to supporting the burgeoning cryptocurrency ecosystem.
Trump’s remarks, delivered in a brief yet impactful 90-second video, emphasized his administration’s efforts to cultivate an environment favorable to cryptocurrencies—particularly Bitcoin and stablecoins. "My administration is working with governors to pass the GENIUS Act supporting the creation of dollar-backed stablecoins," Trump stated, adding that his team is also focused on establishing clear market frameworks to ensure the United States maintains its competitive edge in the global crypto landscape.
The GENIUS Act, which aims to foster the growth of a stablecoin market backed by the U.S. dollar, is currently navigating through Congress, with a procedural vote anticipated shortly. Concurrently, two significant House committees have advanced legislation focused on structuring the digital asset market, highlighting the momentum behind crypto-related policy reform in the U.S.
In addition to legislative efforts, Trump referenced his executive order aimed at the establishment of a national Bitcoin reserve. He remarked, "we created the US Strategic Bitcoin Reserve and the United States Digital Asset stockpile," highlighting plans, although the actualization of these reserves remains to be seen.
The Coinbase State of Crypto Summit featured contributions from leading figures in the cryptocurrency industry, including Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire. Both executives addressed the increasing integration of crypto into the global financial system. Allaire noted the significant evolution his company has undergone since its inception, recounting a time when potential partnerships with financial entities were fraught with uncertainty due to the nascent state of the cryptocurrency market.
The supporting relationship between Coinbase and Trump’s administration has been notable, with Coinbase previously donating $1 million to Trump’s inaugural fund and backing political action committees (PACs) aligned with his clientele for the upcoming 2026 elections.
As the day progressed, excitement was palpable among attendees, many of whom shared Trump’s optimistic view of cryptocurrencies as a cornerstone of the future economy. The discussions underscored the potential for cryptocurrencies, particularly in providing innovative financial solutions and making substantial contributions to the global financial landscape.
In a market where cryptocurrencies continue to experience fluctuations—Bitcoin was trading at approximately $105,365.17, with other digital assets like Ethereum and Binance Coin also showing positive movements—Trump’s address reflects a promising recognition of the importance of digital currencies in contemporary finance.
As the administration pushes forward with initiatives aimed at enhancing the cryptocurrency market framework, industry stakeholders remain vigilant, watching closely how these policies may shape the future of the digital asset ecosystem in the U.S.
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