President Donald Trump repeated his commitment to secure U.S. leadership in cryptocurrency and emerging technologies, sparking widespread reactions from industry executives and top administration officials.
Reactions Pour in From Crypto Execs
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong, who was present at the White House summit hosted by Trump, said the administration and industry are ready to get the CLARITY Act across the finish line
He added that CFTC Chairman Michael Selig and SEC Chairman Paul Atkins are aligned on this goal, expressing optimism that the Senate would eventually pass the legislation.
Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev, who also attended the event, stated that the company’s core purpose is enabling broad ownership, calling it essential to a free, stable, and prosperous society.
He said Robinhood is committed to ensuring that “America leads the way.”
Ripple (CRYPTO: XRP) CEO Brad Garlinghouse hailed Trump’s “incredible commitment” to innovation and leadership around digital assets in the U.S.
“Crypto isn’t a fringe industry. And Washington DC knows the crypto voter is alive and well,” Garlinghouse added.
Binance (CRYPTO: BNB) Founder Changpeng Zhao also joined the celebrations, stating, “We are so back” in response to Trump’s industry-supportive remarks at the event.
SEC Chair Promises “Greatest Advances of the Technological Frontier’ in US
SEC Chair Paul Atkins said that under Trump’s leadership, the regulators will ensure that the “greatest advances of the technological frontier” happen right here in the U.S.
Pro-cryptocurrency Sen. Cynthia Lummis (R-Wyo.) quoted Trump criticizing the Biden administration’s cryptocurrency regulations as a “brutal” attack that pushed innovation overseas to China’s advantage.
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“We must never go back to the Chokepoint 2.0 era,” the senior Republican said.
Trump Reiterates Pro-Crypto Stance
Trump said that America remains the “undisputed leader” not only in Bitcoin (CRYPTO: BTC) and cryptocurrency, but also in technologies like prediction markets
He added that the U.S. is currently the “hottest country” in the world and urged Congress to take the next step by passing the CLARITY Act.
When asked about the administration’s plans to accumulate Bitcoin or other cryptocurrencies, Trump said the option is being “talked about” and if the executives come up with recommendations, he’d “certainly listen.”
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