Trump DAS Summit Speech Full Text: Pioneers Will Unleash the Explosive Power of Economic Growth
Original Title: "Trump's DAS Summit Speech Full Text: Glad to See the 'Future of Finance'"
Original Author: Azuma, Odaily Planet Daily
On March 20th at 23:00 Beijing time, U.S. President Trump delivered a speech via video at the Digital Asset Summit (DAS) held in New York City, USA. This marks the first time in history that a sitting U.S. President has spoken at a cryptocurrency-themed conference.
Below is the full text of Trump's speech, translated by Odaily Planet Daily.
Hello, participants of the BlockWorks Digital Asset Summit. It is an honor to discuss with you how the United States will lead in cryptocurrency and next-generation financial technology.
It is no easy task, but we are already far ahead. Just two weeks ago, we hosted the first-ever White House Digital Asset Summit, bringing together many global cryptocurrency industry leaders. The conference was hosted by our White House AI and Cryptocurrency Czar, David Sacks, who is a very outstanding and talented individual.
In the same week, I also signed an executive order creating a new Bitcoin Strategic Reserve and U.S. Digital Asset Reserve, which will allow the federal government to maximize the value of its holdings rather than foolishly selling them at a price far below their long-term value like Biden did. He only got a fraction of the value of those assets.
We will put an end to the previous administration's regulatory war on cryptocurrency and Bitcoin, including halting the illegal "Operation Chokepoint 2.0." Operation Chokepoint went far beyond what regulation should entail, far beyond, and one could even say it was a legal battle wielding the government's weapon. Frankly, it was a disgrace. But as of January 20, 2025, all of this will come to an end.
I also call on Congress to pass landmark legislation to establish simple, common-sense rules for stablecoins and market structure. With the right legal framework, institutions of all sizes will be free to invest, innovate, and participate in one of the most exciting technological revolutions in modern history.
This is very important. I think it is unprecedented.
Pioneers like you will be able to improve our banking and payment systems, providing better privacy, security, and wealth for American consumers and businesses. You will unleash the explosive power of economic growth.
Through a US dollar-backed stablecoin, you will help expand the dominance of the US dollar. Over the coming years, the dollar will maintain its leading position, and that's exactly what we aim to preserve. We hope it stays on top forever.
I can already see the energy and passion of the cryptocurrency community, a spirit that is exactly what we need to build our nation, watching you invent the future of finance is very exciting.
And all of this will happen right here, in the United States, our great United States.
We will work together to make America an indisputable Bitcoin superpower and the global capital of cryptocurrency.
Thank you, everyone. Good luck to you.
May God bless America.
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