Donald Trump Addresses Coinbase Conference To Discuss Crypto Plans
Donald Trump addressed attendees at Coinbase’s State of Crypto Summit, emphasizing ongoing efforts to implement crypto policies in the U.S. His administration is pursuing the GENIUS Act to support dollar-backed stablecoins and establish a clear market framework for digital assets. The Senate is preparing to vote on the GENIUS Act, while the House considers the CLARITY Act to clarify regulatory roles of the SEC and CFTC. Some Democrats may oppose these bills due to concerns over Trump's ties to the crypto industry, particularly regarding World Liberty Financial's stablecoin. This event marks Trump's second direct address to the crypto community since taking office, following previous messages at other crypto conferences. The backdrop includes scrutiny over his spending bill and military deployment in response to protests, alongside a public dispute with Elon Musk affecting market sentiments.
