President Donald Trump says his administration is working to establish “clear and simple” crypto market rules as part of a broader effort to position the U.S. as a global leader in digital assets.

Speaking in a short pre-recorded video played at Coinbase’s State of Crypto Summit on Thursday, Trump doubled down on his pro-crypto messaging. He described it as an “honor” to be called the “crypto president” and said his administration is committed to reversing what he called the “war on crypto” from the previous White House.

“We will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and bitcoin,” Trump said.

The comments came as the Senate prepared for a procedural vote on the GENIUS Act, a bill that would support the development of dollar-backed stablecoins. Trump said his administration is actively coordinating with state governors to back the legislation.

Backing Stablecoins and Legislative Movement

The GENIUS Act gained traction this week, with a successful vote on Wednesday and another procedural step on Thursday. Trump’s public endorsement adds political weight behind the effort, signaling that stablecoins could play a central role in the administration’s digital asset strategy.

Important Reads: Senator Hagerty’s Stablecoin Bill Advances in U.S. Senate

The bill is just one of several crypto-related proposals advancing through Congress. Earlier this week, two key House committees moved forward on a separate bill focused on crypto market structure and oversight.

While the White House hasn’t released a formal crypto policy framework yet, Trump’s remarks suggest that digital assets are becoming a higher priority.

Trump Mentions National Bitcoin Reserve That Doesn’t Exist

In a more surprising part of his message, Trump said the administration has created a U.S. Strategic Bitcoin Reserve and a Digital Asset Stockpile.

Neither initiative has been formally announced or implemented. No executive order or official documentation has been released to back the claim. Still, the mention signals the administration’s interest in framing bitcoin as a strategic asset, possibly as part of a future economic or monetary strategy. Whether the statement was rhetorical or a preview of policy plans remains unclear.

Coinbase’s Ties to Trump’s Political Machine

Trump’s appearance at the Coinbase event also highlights the growing connections between major crypto firms and his political operation.

Coinbase donated $1 million to Trump’s inaugural committee and has been a major financial backer of Fairshake, a super PAC focused on crypto-related policy. The company contributed heavily during the 2024 election cycle and has already pledged more support ahead of 2026.

Fairshake is turning out to be a political force in Washington, pushing for crypto-friendly candidates and legislation. Trump’s remarks at the summit suggest the administration is aligned with that agenda, at least in spirit.

Industry Leaders React to Growing Political Attention

After Trump’s video played, Coinbase CEO Brian Armstrong and Jeremy Allaire, CEO of stablecoin issuer Circle, took the stage to reflect on crypto’s position in global finance.

Allaire, whose company went public last week, shared how much has changed since the early days of crypto. Ten years ago, he said, many institutional players weren’t even comfortable being seen in the same room with crypto founders.

“It was amazing to me that, like, I’d literally walk in a room with an insurance company, [and] they were literally, like, we were not sure we’re allowed to have this meeting,” Allaire said.

The room laughed, but the point landed. The space has moved from the margins into mainstream finance and now, into presidential policy.

What Comes Next?

Trump’s remarks didn’t come with timelines or detailed policy steps. Still, they add to a growing body of pro-crypto statements he’s made in recent months. With legislation moving in Congress and industry giants like Coinbase and Circle pushing for regulatory clarity, the groundwork is being laid. Whether the talk turns into action remains to be seen. But with the president now speaking the language of stablecoins and bitcoin reserves, crypto is clearly part of the national political conversation, and not just as a campaign soundbite.

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