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US President Donald Trump has called on Congress to take action on stablecoin legislation, emphasizing the importance of clear legal frameworks for the digital asset market. Speaking at the Blockworks Digital Asset Summit in New York City, Trump highlighted the need for simple and straightforward rules to allow businesses and institutions to fully engage with digital assets.
Donald Trump Urges Congress To Pass Stablecoin Legislation
During his remarks at the crypto summit, Donald Trump urged lawmakers to focus on passing legislation that would create common-sense regulations for stablecoins. “With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history,” he said.
His appeal came as part of a broader vision to establish the United States as a leading global hub for cryptocurrency and digital assets.
The event, which took place on March 20, was historic, marking the first time a sitting U.S. president addressed a conference specifically dedicated to digital assets. The summit brought together key figures from both the government and the cryptocurrency industry, underscoring the growing focus on the sector.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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