{"id":13029,"date":"2025-06-13T04:09:36","date_gmt":"2025-06-13T02:09:36","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13029"},"modified":"2025-06-13T04:09:36","modified_gmt":"2025-06-13T02:09:36","slug":"donald-trump-shares-vision-for-cryptocurrency-at-coinbase-conference","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/13\/donald-trump-shares-vision-for-cryptocurrency-at-coinbase-conference\/","title":{"rendered":"Donald Trump Shares Vision for Cryptocurrency at Coinbase Conference"},"content":{"rendered":"

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US President Donald Trump delivered a prerecorded statement for participants of Coinbase\u2019s State of Crypto Summit as Congress deliberates legislation to oversee payment stablecoins and establish a digital asset market structure framework.<\/p>\n

In his second communication directly addressing a crypto gathering since taking office in January, Trump stated<\/a> he was \u201cnot finished\u201d executing crypto policies within the US government. These, according to the president, have encompassed initiatives through executive orders to create a national Bitcoin (BTC<\/a>) reserve, forming a task force on digital assets, and nominating Paul Atkins to lead the Securities and Exchange Commission (SEC).<\/p>\n

Donald Trump in a prerecorded statement for Coinbase\u2019s State of Crypto Summit on Thursday. Source: <\/em>Coinbase<\/em><\/a><\/figcaption><\/figure>\n

\u201cMy administration is collaborating with Congress to advance the GENIUS Act that advocates the establishment of dollar-pegged stablecoins, and we will also strive to formulate clear and straightforward market frameworks that will empower America to lead the future of crypto and Bitcoin,\u201d Trump mentioned.<\/p>\n

The president\u2019s comments to the summit participants arose as the Senate is anticipated to vote on the GENIUS Act to regulate payment stablecoins after a majority of lawmakers in the chamber called for cloture<\/a> on Wednesday. Legislators in the House of Representatives are evaluating the CLARITY Act as part of initiatives to establish a regulatory framework for digital assets, clarifying the roles of the SEC and Commodity Futures Trading Commission (CFTC).<\/p>\n

Are there sufficient votes in the House and Senate to approve crypto bills?<\/h2>\n

As of Thursday, the Senate had not conducted a vote on the GENIUS Act. The CLARITY Act advanced through committee<\/a> on Tuesday, preparing the bill for a full floor vote in the House.<\/p>\n

Some Democrats in both chambers have indicated they plan to oppose the bills without measures addressing Trump\u2019s ties to the crypto domain. World Liberty Financial, the crypto platform supported by the president\u2019s family, has launched its own stablecoin that could potentially enrich Trump personally while in office.<\/p>\n

Related: <\/strong><\/em>Bitcoin adoption propelled by \u2018deglobalization,\u2019 Trump\u2019s \u2018big, beautiful bill\u2019<\/strong><\/em><\/a><\/p>\n

The attendance at the Coinbase event represented the second occasion Trump directly addressed crypto users since assuming office. He also spoke in a prerecorded message<\/a> at the Digital Asset Summit in New York City in March and in person at the Bitcoin 2024 conference in Nashville as part of his presidential campaign.<\/p>\n