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Trump says crypto will ‘unleash an explosion of economic growth’

  • Trump highlighted his administration's crypto initiatives at the Digital Asset Summit in New York, where he stated that cryptocurrency would 'unleash an explosion of economic growth.'
  • He mentioned that dollar-backed stablecoins would strengthen the U.S. Dollar during his remarks.
  • Trump called on Congress to create 'simple, common-sense rules for stablecoins and market structure.'
  • Bank of America CEO Brian Moynihan indicated that the bank is planning to launch its own stablecoin.
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digitalmarketreports.com broke the news in on Thursday, March 20, 2025.
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