Trump's Crypto Summit Speech in Quotes

President Donald Trump's much-awaited crypto summit finally took place on Friday but with Bitcoin still slipping below $83,000, anticipation for the summit might have been greater than the result.

Nonetheless, to help you out, and to prevent anything from getting lost in misinterpretations, we've put together a mini highlight reel of Trump's speech at the crypto summit, in quote form.

The World Cup is a Big Deal

Making an unexpected appearance, FIFA President Gianni Infantino graced the White House amid the crypto summit, to announce a potential FIFA-backed digital currency. Here's what Trump had to say:

"They just had a presentation in the Oval Office. And I thought, this was such a beautiful — this is the trophy. This is a big deal. The World Cup is the biggest sporting event and Gianni Infantino is my friend for a long time."

After Infantino introduced the coin, stating, "FIFA is very, very interested, under my presidency, to develop a coin to do it from here, from America, and to conquer the 5 billion soccer fans in the world," Trump replied, "That coin may be worth more than FIFA in the end. It could be quite a coin, actually."

The World's Bitcoin Superpower and the Planet's Crypto Capital

Kicking things off at the White House Digital Asset Summit, Trump described the event as something that "many of you have been fighting for years for and it’s an honor to be with you at the White House."

He then went on to thank White House AI and Crypto Czar David Sacks, Secretary of Treasury Scott Besant, Commerce Secretary Howard Lutnick, SBA Administrator Kelly Loeffler, SEC Commissioner Hester Pierce, CFTC Chairman Caroline Pham, House Majority Whip Tom Emmer, Representative Brian Steil, Mark Rubio, and Digital Assets Council Director Bo Hines.

Trump then reflected on his promises and how he aims to fulfill them for the crypto community:

"Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet. And we’re taking historic action to deliver on that promise, as you know, around the table."

Bitcoin Reserve is a Big Thing

Last week saw mixed reactions to Trump's crypto reserve, which caused quite a stir for including Ethereum , XRP , Solana , and Cardano as well as Bitcoin .

By the end of the week, Trump announced a Bitcoin reserve but again disappointed the industry.

Nonetheless, Trump highlighted the executive orders as a success:

"Yesterday, I signed an executive order officially creating our strategic Bitcoin reserve. And this will be a virtual Fort Knox for digital gold to be housed within the United States Treasury. That’s a big thing."

"The federal government is already among the largest holders of Bitcoin, as you know. Really, one of the largest holders in the world with as many as 200,000 Bitcoin obtained via civil law and various other forms of law and including enforcement actions. These existing holdings will form the foundation of the new reserve."

"From this day on, America will follow the rule that every Bitcoin knows very well. Never sell your Bitcoin. That’s a little phrase that they have. I don’t know if that’s right or not. Who the hell knows? Who knows? Who knows? But so far, it’s been right. Well, let’s keep it that way."

Ending the War on Crypto Better Than You

Former President Joe Biden and ex-SEC Chair Gary Gensler came under great scrutiny for their aggressive stance towards the crypto industry. Under Gensler’s leadership, the SEC has carried out approximately 100 enforcement actions over the past four years.

Trump has since vowed to end such aggression towards crypto:

"My administration also is working to end the federal bureaucracy’s war on crypto, which was really going on pretty wildly during Biden until the election came about. About five months before the election, he became a big fan because he heard how many people were in favor of it and how many people love it and respect it. But I guess it didn’t work out too well for him. People understood what was going on and paved the way for groundbreaking innovations in institutional finance."

"Under the Biden administration, regulators strong-armed banks — I mean, they really did — they strong-armed banks into closing the accounts of crypto businesses and entrepreneurs, effectively blocking some money transfers to and from exchanges, and they weaponized government against the entire industry. But I know that feeling also. Maybe better than you do."

"All of that will soon be over, and we are ending Operation Chokepoint 2.0. You know, some people really suffered. It was ridiculous what they were doing. But in the end, they came around, but they came around for the wrong reasons. They came around only because they wanted votes, and they saw that tens of millions of people were against them because of what they were doing."

Legislative Support for Stablecoins With Tremendous Pioneers

Lawmakers in Congress were praised by Trump with the President highlighting their efforts in building a safe regulator environment for stablecoins :

"I want to express my strong support for the efforts of lawmakers in Congress as they work on bills to provide regulatory certainty for dollar-backed stablecoins and the digital assets market. They’re working very hard on that."

"This is a tremendous opportunity for economic growth and innovation in our financial sector, and we’ll really go a long way. I think it’s going to be a tremendous — we feel like pioneers in a way, a tremendous method of growth. And things are very much tied, and we want to keep it that way. The U.S. dollar long into the future, we’re going to keep it that way."

"I hope lawmakers will send that legislation to my desk before August recess if they can. And they’re very much working with you, and you know a lot of them, and a lot of them were committed right from the very beginning."

Elsewhere

Blockcast

Jess Zeng entered the crypto industry as an intern at Gemini while studying finance at SMU. She then moved on to work at Chainlink, where she transitioned from a business development role to an ecosystem-building focus.

After a stint at Fireblocks to gain institutional experience, she joined Mantle , where she now leads ecosystem growth for mETH - the liquid staking platform backed by Mantle.

Previous episodes of Blockcast can be found on Podpage , with guests like Samar Sen ( Talos), Jason Choi (Tangent), Lasanka Perera (Independent Reserve), Mark Rydon (Aethir), Peter Hui (Moongate), Luca Prosperi (M^0), Charles Hoskinson (Cardano), Aneirin Flynn (Failsafe), and Yat Siu (Animoca Brands) on our most recent shows.

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