Summary
- Trump said that the US will dominate crypto and the next generation of financial technologies.
- He also highlighted that Operation Chokepoint 2.0 came to an end.
Yesterday was an important day for Bitcoin and the crypto industry, as the US President, Donald Trump, became the first sitting US President to address a crypto conference.
Also, the US SEC said that Bitcoin and crypto mining operations don’t violate securities laws.
Trump’s Speech at Blockworks DAX 2025
On March 20, Trump spoke during the Blockworks Digital Asset Summit 2025, via a video, highlighting that the US will dominate Bitcoin and the crypto industry, globally although it will not be easy.
He also mentioned his recent Executive Order creating a Strategic Bitcoin Reserve in the US, together with a digital asset stockpile which will allow the Federal Government to maximize the size of its holdings instead of selling them for a fraction of their value like the former Biden administration did.
Trump said that Biden’s Operation Chokepoint 2.0 which strangled the industry via excessive regulation came to an end.
The US President also praised the energy, passion, and spirit in the crypto industry, saying that pioneers will unleash a wave of economic growth for years to come.
WATCH: The complete Presidential address at the Digital Asset Summit pic.twitter.com/PL2BoGJiws
— Blockworks (@Blockworks_) March 20, 2025
Meanwhile, another important event took place in the US – the SEC confirmed that Bitcoin and crypto mining don’t violate securities laws.
SEC Released Official Statement on Bitcoin and Crypto Mining
The US SEC’s official statement clarifies its position on PoW crypto mining.
The notes revealed that both solo mining and mining pools do not fall under the US securities laws, as they don’t require the efforts of a central entity or entrepreneurial figure to generate profits.
The regulator said that mining-covered crypto assets or public, permissionless blockchains such as Bitcoin do not constitute securities offerings.
The official notes also highlighted that by adding its own computational resources to a mining pool, the miner merely is engaging in an administrative or ministerial activity to:
- Secure the network
- Add new blocks
- Validate transactions
- Receive rewards
The bullish moves in the US came as the country is getting ready to codify into law Trump’s previously signed Executive Order on Bitcoin and crypto.
