Bitcoin Rises as President Calls for Industry Domination
Bitcoin (BTC-USD) saw a slight uptick after President Donald Trump reaffirmed his commitment to making the U.S. a leader in cryptocurrency and financial technology. Speaking in a prerecorded message at the Digital Asset Summit in New York, Trump pledged to end regulatory uncertainty and seek congressional approval for stablecoin and market structure legislation.
The president also terminated Operation Chokepoint 2.0, a regulatory push that crypto advocates say stifled industry growth under the previous administration. Trump called the initiative lawless and emphasized the need for simple, common-sense rules for digital assets.
Following Trump’s comments, Bitcoin rose 0.51% to $85,177.4 at 11:36 AM ET, according to…
