Trump demands congress pass a stablecoin law

U.S. President Donald Trump has called on Congress to pass a bill regulating stablecoins. According to him, such digital assets will help strengthen the global dominance of the dollar. He made the statement at the Digital Asset Summit 2025.
 

Trump also spoke out against banking discrimination against cryptocurrency companies, known as «Operation Chokepoint 2.0.» He assured that his administration intends to put an end to this practice and restore fairness for market participants.
 

Ending Pressure on the Crypto Market

The president emphasized that his administration plans to end the regulatory campaign against Bitcoin and cryptocurrencies that began under the previous government. He also promised to stop illegal actions under Chokepoint, calling them «disgraceful» and far beyond reasonable regulation.
 

Trump also stated that the U.S. should become the global leader in Bitcoin and digital assets. According to him, his administration has already stopped selling confiscated crypto assets and is ready to support the development of the industry.
 

Market Reaction to the Statements

Despite his support for the crypto sector, Trump's statements did not trigger an immediate market surge. According to data, as of the morning of March 21, Bitcoin had dropped 1.6% and was trading at around $85,100.
 

Earlier, on March 6, Trump signed an executive order to establish a Strategic Bitcoin Reserve (SBR), which will store assets confiscated by the Treasury Department in criminal and civil cases.
 

Political Battle Over the SBR

The U.S. is already preparing a bill that aims to protect the SBR from possible repeal by future presidents. However, not all Americans support this initiative. According to a poll, 51% of voters oppose the creation of a national Bitcoin reserve.