According to Kris Marszalek, CEO of Crypto.com and Crypto.com, President Donald Trump embraced Cryptocurrency as a core component of his economic strategy, representing a major change in US blockchain policy.
On March 7, Trump begged the cryptocurrency industry elite at the White House to hold its first summit focusing on a plan to stockpile government-owned digital assets. He welcomed players from a wide range of industries to the event.
The summit was marked “a truly historic day at the White House,” Marzarek said on March 8th. xPost.
Trump’s crypto policy triggers regulatory change and industry optimism
Marszalek praised Trump for reversed the policy (Operation Chalk Point 2.0) that he allegedly claimed that crypto and tech companies had been denied banking services during the Biden administration.
Crypto companies may be on the verge of protecting their bank partners after the US Secretary of Currency (OCC) eases its stance on banks involved in encryption. The move comes hours after Trump promised to end the long-term crackdown that restricted the industry from financial services.
During the summit, President Trump announced the creation of a “Strategic Bitcoin Reserve,” a cash for Bitcoin acquired primarily through legal asset attacks. The move helped “normalize” Bitcoin as a device throughout the US financial and monetary system. “Digital Asset Stockpiling” was also established, dealing with other cryptocurrencies acquired by similar means.
The administration’s audacity gives new momentum to legislative attempts at Capitol Hill. The two laws are literally connected: the Stablecoin Bill and the Market Structure Bill. All these bills provide recommendations to establish an overall framework for regulating digital assets to achieve regulatory clarity that promotes innovation while protecting investors.
Crypto.com CEO Kris Marszalek said the industry is optimistic that “thoughtful conversations” will continue with “thoughtful conversations” between the relevant regulators (CFTC) and the Securities and Exchange Commission (SEC).
Trump’s team lays the foundation for US Bitcoin integration
David Sacks, the administration’s “Crypto Czar,” was praised alongside Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent for setting up the country’s crypto policy.
Marszalek’s remarks outline Trump’s plans on March 7 to establish a Bitcoin sanction using cryptocurrency seized in government criminal cases, rather than actively obtaining Bitcoin through purchases in the marketplace, as per the signature of the executive order.
Although no direct acquisition of BTC has been announced, the order said U.S. Treasury and Commerce secretaries could explore a “budget neutral strategy” to expand the reserve.
Some analysts view the US Bitcoin reserve plan as the first important step towards integration of Bitcoin into the global financial system.
“The US has taken the first true step towards integrating Bitcoin into the global finance structure, recognizing its role as a foundational asset in a more stable and sound financial system.”
Trump has expressed his commitment to moving forward with crypto innovation in the US, but implementing regulatory frameworks takes time and establishing the “right regulatory tone” is essential to his administration.
