Trump transformed crypto from a "marginalized industry" to a "key component" of U.S. strategy

Crypto.com CEO Kris Marszalek described the White House Crypto Summit as a "truly historic day at the White House."

According to Crypto.com CEO Kris Marszalek, U.S. President Donald Trump has made cryptocurrency a key part of his economic strategy, representing a significant policy shift for the nation's blockchain industry.

On March 7, Trump hosted a White House Crypto Summit, emphasizing his commitment to prioritizing crypto policy and positioning the U.S. as a global leader in blockchain innovation.

Marszalek described the summit as a "truly historic day at the White House" in a March 8 post on X.

Source: Kris|Crypto.com

Marszalek praised Trump for overturning policies such as Operation Chokepoint 2.0, which reportedly resulted in crypto and tech firms being denied banking services under the Biden administration.

The challenges crypto companies faced in securing banking partners may now be over, as the U.S. Office of the Comptroller of the Currency (OCC) relaxed its stance on banks' engagement with crypto just hours after Trump pledged to end the ongoing crackdown limiting crypto firms’ access to financial services.

Crypto Regulations Gain Traction

The White House crypto summit coincides with the pending congressional approval of two major bills—the Stablecoin bill and the Market Structure bill—aimed at addressing regulatory uncertainty in the U.S. crypto industry.

Crypto.com CEO Kris Marszalek emphasized that ongoing discussions with regulators, including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), could lead to the passage of “landmark legislation.” He noted that these regulatory frameworks would have a global impact, helping to shift offshore activity to the U.S. and moving financial operations on-chain.

Marszalek’s remarks followed President Trump’s March 7 executive order establishing a Bitcoin reserve. The reserve will be funded with Bitcoin seized in government criminal cases rather than purchased directly from the market. While the order does not authorize immediate BTC acquisitions, it allows the Treasury and Commerce secretaries to explore "budget-neutral strategies" to acquire more Bitcoin without additional taxpayer costs.

Some analysts view the Bitcoin reserve initiative as a significant move toward integrating Bitcoin into the global financial system. Joe Burnett, head of market research at Unchained, called it the “first real step” in recognizing Bitcoin’s role in a more stable and sound monetary system.

Although Trump has expressed his commitment to advancing crypto innovation in the U.S., establishing regulatory frameworks is a gradual process. According to Anastasija Plotnikova, co-founder and CEO of Fideum—a firm specializing in regulatory and blockchain infrastructure for institutions—setting the "right regulatory tone" will be essential for the administration to ensure sustainable growth in the sector.