U.S. President Donald Trump called on Congress to pass stablecoin legislation during his address at the Blockworks Digital Asset Summit in New York City, emphasizing the need for clear rules to foster innovation in the cryptocurrency sector.
What Happened: Speaking to an audience of crypto industry leaders, Trump highlighted the potential of stablecoins to enhance the U.S. financial system and maintain the dollar’s global dominance, marking his first address at a crypto conference as a sitting president.
The summit, held at 10:40 AM ET, follows a series of pro-crypto actions by the Trump administration, reflecting a shift from previous regulatory hostility toward digital assets.
Trump underscored the importance of a legal framework for stablecoins, which he believes will enable institutions to invest and innovate freely.
“I’ve …
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