30
Fri, May
437 New Articles

US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief

US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief

Crypto News
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times
US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief

At the Bitcoin 2025 Conference, a session titled “Making America the Global Bitcoin Superpower” conveyed a clear message: the United States is committed to embracing Bitcoin (BTC) and leading the global market. 

Key speakers Bo Hines, the White House Executive Director for digital assets, and Tyler Williams from the US Treasury Department, alongside moderator Miles Jennings, outlined the government’s aggressive strategy to establish the nation as a leader in the cryptocurrency space.

Integration Of Crypto With ‘Legacy Financial Systems’

“We are well on our way to becoming the Bitcoin superpower of the world,” Hines declared, emphasizing that this initiative transcends partisan politics. He described the movement as a “revolution in our financial system” that requires immediate action.

Jennings pointed out the critical regulatory measures that are currently being developed. “If the bill becomes law, we will play a significant role in integrating Bitcoin, stablecoins, and other digital assets with the legacy financial system,” he stated. This integration, he noted, would be facilitated by pending stablecoin legislation.

Hines highlighted the importance of modernizing payment systems, asserting, “Updating the payment rails is necessary, and we are making significant progress.” 

He noted that forthcoming market structure legislation would clarify the regulatory landscape for intermediaries such as exchanges and brokers, determining whether digital assets will be classified as securities or commodities.

Encouraging innovation within the crypto sector, Hines remarked, “We want folks to innovate here. We can’t let fear of regulatory repercussions stifle creativity.” He urged innovators who have moved abroad to consider returning, stating, “Our message to those who have gone offshore is: welcome home.”

‘Bitcoin Is The Golden Standard’

Williams reinforced the need for any new regulations to accommodate the unique nature of decentralized finance (DeFi). “Traditional financial markets operate on a principal-agent model, but crypto is shifting us toward a principal-to-principal structure,” he explained. 

He noted that regulatory support for the exchange-traded products (ETP) marketplace had led to a surge in institutional Bitcoin adoption, and he believes that similar outcomes could arise from stablecoin and market structure legislation.

Hines made a particularly bullish statement, declaring, “Bitcoin is truly the golden standard. This is an asset that we should be harnessing on behalf of the American people. We want as much as we can possibly get.” 

Tyler Williams echoed this sentiment, asserting, “We are going big on digital assets.” Hines concluded the session with a strong commitment: “You will certainly see the United States stepping out as the Bitcoin superpower of the world.”

As of this writing, the market’s leading cryptocurrency, Bitcoin (BTC), is trading at $108,560, just over 2.8% below its all-time high of $111,800, which was reached last week amid renewed investments in the Bitcoin ETF market.

Featured image from DALL-E, chart from TradingView.com 

Content Original Link:

Original Source Crrypto News

" target="_blank">

Original Source Crrypto News

Top Stories

Grid List

Stargate and beyond: The global data centre arms race

Finance News

Stargate and beyond: The global data centre arms race

SentinelOne's Profitability And Growth Trajectory Less Promising Than Competitors: Analyst

Finance News

SentinelOne's Profitability And Growth Trajectory Less Promising Than Competitors: Analyst

Jefferies Trims Kingsoft Cloud (KC) Price Target, Keeps Buy Rating

Finance News

Jefferies Trims Kingsoft Cloud (KC) Price Target, Keeps Buy Rating

Ethereum Foundation researcher warns Bitcoin's fee structure may compromise long-term security

Crypto News

Ethereum Foundation researcher warns Bitcoin's fee structure may compromise long-term security

Crypto investor indicted on kidnapping charge in bitcoin case

Crypto News

Crypto investor indicted on kidnapping charge in bitcoin case

BTC, ETH News: Bitcoin Price Slides Below $106K as Analyst Predict Ethereum Breakout

Crypto News

BTC, ETH News: Bitcoin Price Slides Below $106K as Analyst Predict Ethereum Breakout