Trump pledges to make US world's crypto capital

The Manila Times

Trump pledges to make US world's crypto capital  Cryptocurrency industry elite met with US President Donald Trump at the White House on March 7, 2025 to discuss how the government will enact Trump's vision of making the country the 'crypto capital of the world.' Trump on March 6 signed an executive order to establish a bitcoin and four other coins strategic reserve, directing the secretaries of Treasury and Commerce to develop 'budget-neutral strategies' for acquiring additional bitcoin that have no 'incremental costs' on taxpayers. The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, Sacks said in a post on social media platform X. The announcement weighed on the price of bitcoin, last down 1.4 percent at $88,194.  US NETWORK POOL / REUTERS  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net  Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion   Subscribe to our Digital Edition - https://tmt.ph/digital   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcher  Tune In: https://tmt.ph/tunein  Soundcloud: https://tmt.ph/soundcloud   #themanilatimes  #tmtnews  #donaldtrump  #crypto  #cryptocurrency

Transcript

00:00And last year, I promised to make America the Bitcoin superpower of the world and the

00:05crypto capital of the planet.

00:07And we're taking historic action to deliver on that promise, as you know, around the table.

00:13And they saw that tens of millions of people are, you know, were against them because of

00:18what they were doing.

00:20I also want to express my strong support for the efforts of lawmakers in Congress as they

00:24work on bills to provide regulatory certainty for dollar backed stable coins and the digital

00:31assets market.

00:33They're working very hard on that.

00:35And as you know, China is pushing forward and very strongly as usual.

00:40But we're way in the lead as we are in AI and other things.

00:44And we want to stay there.

00:46So I thought this was very important.

00:48And we have some brilliant people sitting around this table.

00:51And it's an honor to have you involved.

00:53But we want to stay at the forefront of everything and the table.

00:58Yesterday, I signed an executive order officially creating our strategic Bitcoin reserve.

01:05I want to begin as Johnny here from World Cup.

01:08I want to thank you for this election.

01:10And they just had a presentation in the Oval Office.

01:13And I thought this was such a beautiful.

01:17This is the trophy.

01:18This is a big deal.

01:19The World Cup is the biggest sporting event.

01:20And Johnny Infantino is my friend for a long time.

01:25And during my first term, we worked out a deal to get the World Cup.

01:30And then because of lots of interesting things that happened, I end up being president when

01:37it showed up.

01:38I was always disappointed.

01:40I wasn't going to make it.

01:41I was going to serve eight straight and said we did it.

01:44We did it the hard way, but maybe the more important way.

01:47So I will be with you.

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