President Trump Talks Bitcoin ATH, SEC Crackdown, and America’s Crypto Future
President Donald Trump spoke at the FII Priority Summit in Miami on Wednesday, covering topics such as Bitcoin and the Department of Government Efficiency (DOGE). Since November 5, he has been revealing the strong recovery of the U.S. economy since his election.
Nasdaq Island rose nearly 10%, the Dow Jones industrial average rose 2,200 points, and Bitcoin reached a new all-time high. Trump said his goal is to make the United States a leading hub for cryptocurrencies, aiming to put the country at the forefront of the industry. “Bitcoin sets multiple historical highs because everyone knows I’m committed to making the United States a crypto capital,” he said.
“We want to keep everything at the forefront, one of which is cryptocurrency, and Miami seems to be the center of action, and with that in mind, maybe it’s going to stay there.”
Criticism of the SEC and its position on cryptocurrencies
Trump also took the opportunity to criticize the SEC of the Byton administration, especially former SEC chairman Gary Gensler, who left the agency last month.
“We’ve completely ended this war,” Trump said, referring to the SEC’s position on cryptocurrencies. He added that until the end, the SEC had been hostile to the industry, but as many people invested in bitcoin and cryptocurrencies, they changed their tone and became “very good” before Gensler left.
Before taking office, Trump had expressed strong support for digital assets. He appointed Paul Atkins, a former crypto-friendly regulator, to lead the Securities and Exchange Commission (SEC). Trump’s recent remarks are among the developments in the cryptocurrency world, including the Ethics (Doge) investigation into the SEC led by Elon Musk. Additionally, the SEC has suspended its ongoing cases to resist major cryptocurrency exchanges of second-hand stocks and common cases.
