The three-day Digital Asset Summit 2025 began on March 18 at Javits Center North in New York. The summit has hosted at least 150 speakers and 1,800 attendees. At least 750 institutions have participated in the event, which has conducted around 45 content sessions. Today, the third day of the session, is very crucial, as the summit will host one of its most prominent speakers, US President Donald Trump. Renowned journalist Eleanor Terrett, in an X post, reveals that Trump will send a recording to the DAS conference, dismissing rumours that the president will physically attend the event.
Why Is Trump’s Address Crucial?
Trump’s scheduled address at the summit is crucial for many reasons. Primarily, it is the first time a sitting US president is addressing the Digital Asset Summit.
Secondly, it is doubtful whether the White House Crypto Summit, hosted last month, achieved the desired outcome.
The New York summit will provide an opportunity for the Trump administration to explain its stance on the cryptocurrency industry and its pro-crypto policies, like the proposed establishment of a national strategic crypto reserve.
Recently, while speaking at the summit, Bo Hines, the Executive Director of the White House’s Council of Advisers on Digital Assets, explained how Trump’s decision to create a strategic crypto reserve would benefit the people of America.
Potential Crypto Market Impact of Trump’s Speech
The US government’s attitude towards the crypto industry shifted in its favour when Trump emerged victorious in the US presidential election.
The Trump administration has already introduced several policies to support the crypto industry.
Trump’s speech at the summit could give more clarity about the government’s stance on the cryptocurrency industry.
Providing clarity about the crypto policy is pertinent to encourage more institutional investors to enter the crypto market.
Crypto’s Future & Market Growth
The previous administration adopted an unfavourable approach towards the crypto industry. During the Biden regime, the US SEC launched legal actions against top crypto firms, including Ripple and Coinbase.
The shift in the political approach has already benefited the cryptocurrency sector. It is evident from how the Bitcoin market has grown since November 5, 2024. The SEC has dropped some of its sensational legal battles against the industry – including the one against Coinbase.
The pro-crypto policies adopted by the Trump administration are expected to support the crypto industry in growing further.
Many crypto enthusiasts believe that this is the beginning of a new golden era for digital assets.
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