April 1, 2025
Bitcoin Rises as President Calls for Industry Domination
 #CriptoNews

Bitcoin Rises as President Calls for Industry Domination #CriptoNews

Financial Insights That Matter

Bitcoin (BTC-USD) saw a slight uptick after President Donald Trump reaffirmed his commitment to making the U.S. a leader in cryptocurrency and financial technology. Speaking in a prerecorded message at the Digital Asset Summit in New York, Trump pledged to end regulatory uncertainty and seek congressional approval for stablecoin and market structure legislation.

The president also terminated Operation Chokepoint 2.0, a regulatory push that crypto advocates say stifled industry growth under the previous administration. Trump called the initiative lawless and emphasized the need for simple, common-sense rules for digital assets.

Following Trump’s comments, Bitcoin rose 0.51% to $85,177.4 at 11:36 AM ET, according to Investing.com. The cryptocurrency initially dipped as his message began but quickly rebounded.

Earlier this month, Trump also signed an executive order establishing a national strategic Bitcoin reserve, signaling a policy shift toward greater integration of digital assets into the U.S. economy.

Investors are now watching how Congress responds to the proposed crypto-friendly legislation and its potential impact on broader market regulation.

It is important to note that BTC has lost more than 11.2% of its value YTD and around 11.5% over the past three months. However, the past five days it has been ticking in the green rising over 4% in value.

Trump's Crypto Push: Bitcoin Rises as President Calls for Industry Domination
Trump’s Crypto Push: Bitcoin Rises as President Calls for Industry Domination

This article first appeared on GuruFocus.

#1a73e8;">Boost Your Financial Knowledge and Achieve Stability

Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.

#1a73e8;">Top Financial Tips for Saving and Investing

  • Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
  • Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
  • Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.

Leave a Reply

Your email address will not be published. Required fields are marked *