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#Trump’s Digital Asset Summit Speech
#Trump’s Digital Asset Summit Speech
President Donald Trump Addressed the Digital Asset Summit in Manhattan: The President praised the industry and expressed optimism for its future: “ Together, we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”
The SEC has dropped its lawsuit against Ripple after a four-year legal battle: The case had been one of the most high-profile cases against a crypto firm. Ripple’s victory has been hailed by the community as a positive signal for digital assets.
Global crypto funds recorded their worst-ever five-week outflow streak, reaching $6.4 billion: US investors led withdrawals, with Bitcoin and Ethereum-based products posting losses.
The SEC, under Mark Uyeda, is reconsidering Gensler-era crypto custody rules and broader regulatory measures: A more collaborative approach has replaced aggressive enforcement, with industry engagement now prioritized.
Trump's speech at the digital asset summit had a positive impact on the crypto market. It not only boosted market confidence but also further promoted the prosperous development of the global digital asset market. In addition, this has laid a solid foundation for the future application and popularization of digital assets. It is believed that in the near future, digital assets will play a greater role globally.