Regulation
President Trump To Address Crypto Summit Amid Bitcoin Reserve Strategy
President Donald Trump will address Blockworks’ Digital Asset Summit (DAS) in New York City on March 20. This marks the first time a sitting U.S. president has spoken at a Bitcoin and cryptocurrency conference. His participation underscores the growing role of digital assets in financial policy and government strategy.
The event follows his executive order establishing the U.S. Strategic Bitcoin Reserve, positioning BTC as a key asset in the country’s financial framework.
Donald Trump Speech at DAS and Its Context
Donald Trump’s presence at the Digital Asset Summit comes amid increasing government interest in Bitcoin and digital currencies. His administration has taken steps to integrate Bitcoin into national reserves, emphasizing its role in the country’s long-term financial strategy.
The U.S. president previously addressed a Bitcoin conference in Nashville during his campaign. Now, the pro-crypto President will speak at a crypto conference for the first time.
Discussions at the event will focus on Bitcoin’s adoption among institutions, regulatory developments, and the future of crypto markets. Trump’s speech will touch on the next steps in his administration’s Bitcoin strategy.
This development comes just a few hours after Ripple CEO Brad Garlinghouse revealed that XRP is expected to be part of the US Digital Asset Stockpile. He cited President Trump’s previous mention of the asset on Truth Social.
The U.S. Strategic Bitcoin Reserve Initiative
Earlier this month, President Trump signed an executive order establishing the U.S. Strategic Bitcoin Reserve, marking a new phase in the country’s approach to digital assets. The initiative aims to accumulate Bitcoin as a national reserve asset, drawing comparisons to traditional gold reserves.
Bo Hines, Executive Director on Digital Assets for the Trump administration, stated that the government’s Bitcoin acquisition strategy is budget-neutral. He emphasized that this approach ensures it does not affect other financial priorities.
Hines has emphasized that Bitcoin accumulation is part of a broader strategy to strengthen the nation’s financial resilience. Lawmakers have already proposed measures to expand the reserve, with Senator Cynthia Lummis and Congressman Nick Begich suggesting a plan to acquire 1 million BTC over the next five years. The proposal is currently under review, with legislative discussions expected to continue in the coming months.
More so, the Executive Director of the Presidential Working Group on Digital Assets revealed plans for stablecoin legislation to be finalized within two months. Bo Hines expects Senator Bill Hagerty’s GENIUS Act to be enacted, with President Trump potentially signing it into law.
Industry Leaders and Lawmakers at DAS
The summit will feature key figures in the cryptocurrency and financial sectors, in addition to Trump’s address. Michael Saylor, a Bitcoin advocate, will deliver a keynote speech and participate in a discussion with BTC historian Pete Rizzo.
The event will also host Bloomberg ETF analyst James Seyffart, who will moderate a panel featuring BlackRock’s Head of Digital Assets, Robbie Mitchnick, and Nasdaq’s Head of U.S. Equities & Exchange-Traded Products, Giang Bui.
President Trump’s participation in the Digital Asset Summit is changing how people view digital assets.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In line with expectations, the US Federal Reserve has kept interest rates unchanged between 4.25% and 4.5% following the conclusion of the March FOMC meeting. Amid this development, market experts predict the US Fed will still ease its monetary policies this year.
US Fed Keeps Rates Unchanged Following FOMC Meeting
In a press release, the US Federal Reserve announced that the FOMC has decided to keep interest rates unchanged following the two-day meeting held on March 18 and 19. This decision is in line with expectations. As CoinGape reported, there was a 98% chance the Fed would continue with a 4.25% to 4.5% interest rate, per CME data.
While this development is typically bearish for the crypto market, the Fed also announced following the FOMC meeting that it would slow balance sheet runoff starting from April 1, a move that could usher in quantitative easing (QE) from the US Central Bank.
This is bullish for Bitcoin and other crypto assets as more capital could flow into their respective ecosystems. LSEG estimates also show that US interest rate futures price in 56 basis points in cuts this year after the Fed held rates steady.
However, the US Fed warned that the uncertainty around the economic outlook has increased. Four Fed officials expect that there won’t be any rate cuts in 2025, which is bearish for the crypto market.
For now, there is much uncertainty about whether the US Fed is hawkish or dovish. As such, market participants would be looking to Fed Chair Jerome Powell’s speech to get an idea of what to expect from the US Central Bank moving forward.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has shared insights into the next steps following the SEC’s decision to drop its appeal against Ripple.
The move marks a significant shift in the ongoing legal battle, with Ripple now in a stronger position to shape the future of its case against the U.S. Securities and Exchange Commission (SEC). In a tweet, Alderoty celebrated the development as a victory not only for Ripple but also for the broader crypto industry.
US SEC Withdraws Appeal Against Ripple
After years of legal battles, the US SEC has decided to drop its appeal against Ripple, which initially stemmed from the agency’s claims that Ripple had sold XRP as an unregistered security. This can be considered as a significant shift in the SEC case as it affords Ripple much needed reprieve from constant litigation.
The decision according to Stuart Alderoty, Ripple’s CLO, is revolutionary for the crypto industry.
Today, Ripple moves forward—stronger than ever. This landmark case set a precedent for the domestic crypto industry.
With the SEC dropping its appeal, Ripple is now in the driver’s seat and we’ll evaluate how best to pursue our cross appeal. Regardless, today is a day to… https://t.co/NLgmiRrcjx
— Stuart Alderoty (@s_alderoty) March 19, 2025
This withdrawal of the appeal of the SEC is in respect of one aspect of the case covering program and secondary market offering of XRP. Nevertheless, Alderoty emphasized that even though this was a decisive victory from the legal point of view, Ripple is not out of decisions yet.
“We will assess how to proceed with the cross appeal,” as Alderoty said regarding Ripple’s ongoing case regarding the $125 million penalty, as well as the restraining order to restrain Ripple from selling XRP to institutions.
Ripple Legal Strategy Moving Forward
However, given that the SEC is no longer actively pressing charges against Ripple, the company is in a much better place to deliberate on its legal standing. Ripple’s next moves could be the further pursuit of cross-appeal, which may help provide more legal insight into XRP.
If Ripple decides to proceed with the appeal, it might lead to a definitive determination from a higher court regarding whether investment contracts need specific contracts.
On the other hand, Ripple can decide to shun any hope of an appeal and instead seek to address the remaining fine and injunction. Ripple’s legal team may also move for a settlement with the SEC to come to a new agreement that will decrease the penalty. While Alderoty did not disclose further details about the company’s strategy, he reassured everyone that Ripple is now at the wheel.
“Ripple is in the driver’s seat,” he concluded.
Concurrently, according to Alderoty, the company will now be able to pursue growth without the distraction of prolonged litigation.
XRP ETF Applications See Boost in Chances of Approval
The market also reacted to the decision of the SEC not to appeal as it boosted the potential of seeing an XRP Exchange-Traded Fund (ETF) approved soon.
There are now several filings of an XRP ETF, including Bitwise, WisdomTree, 21Shares, ProShares, Franklin Templeton, Canary Capital, CoinShares, and Volatility Shares. Some of these firms are among the top contenders that are interested in developing a product that brings regulated exposure to XRP.
Concurrently, following Ripple’s legal victory, the chances of the SEC approving XRP ETF applications this year increased significantly. On Wednesday, Polymarket saw a rise in the probability of approval, with chances jumping from 77% to 79% after the news broke.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In a massive development for the crypto industry, the US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Ripple. The firm’s CEO, Brad Garlinghouse, made this revelation about the Ripple lawsuit, which has sparked a massive surge in the XRP price.
US SEC Officially Drops Ripple Lawsuit
In an X post, Ripple CEO Brad Garlinghouse revealed that the US SEC had dropped the five-year-long Ripple lawsuit, which began in 2020. This is still subject to the Commission’s vote. In his words, Garlinghouse said,
This is it. The moment we have been waiting for. The SEC will drop its appeal, a resounding victory for Ripple, for crypto, every way you look at it. The future is bright, let’s build.
In his announcement, Garlinghouse also reflected on the Ripple lawsuit, stating that it was clearly “doomed” from the start. He remarked it was the first major shot fired at the crypto world and that his company was the first to fight the SEC’s overreach.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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