President Donald Trump reaffirmed his commitment to supporting cryptocurrency and making America the “Bitcoin superpower” at the first White House crypto summit on March 7. He pledged to reverse restrictive policies, establish a Bitcoin reserve, and position the US as a global leader in digital assets. Trump criticized the Biden administration for waging a “war on crypto” and announced the end of Operation Chokepoint 2.0. US Treasury secretary Scott Bessent criticized Biden’s approach and stated that the Trump administration is working to develop a comprehensive regulatory framework for crypto and stablecoins.

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