US President Donald Trump has been making headlines in the crypto industry recently, as he becomes the first sitting president to speak at a crypto conference. On March 20, Trump addressed the Blockworks Digital Asset Summit in a pre-recorded statement, where he reiterated his commitment to making the US the “crypto capital of the world.”

In his speech, Trump praised the recent regulatory changes in the crypto industry and acknowledged the potential for pioneers in the field to improve the banking and payment system, promote privacy and security, and drive economic growth. He also highlighted the role of stablecoins in expanding the dominance of the US dollar for years to come.

This is not the first time Trump has shown support for the crypto industry. He has signed several pro-crypto executive orders, including one that established a Bitcoin strategic reserve and another that commissioned a working group on digital assets.

However, not everyone in the crypto community is thrilled about Trump’s involvement. The White House Crypto Summit, which took place on March 7, received mixed reactions from investors and executives. While some saw it as a positive step towards regulatory clarity, others criticized it as a gathering of lobbyists pushing for state-approved surveillance tokens.

The summit also sparked a decline in the price of Bitcoin, which dropped by 7.3% in the days following the event. This was partly due to the Bitcoin strategic reserve order, which stated that the government could only acquire more BTC through budget-neutral strategies.

Despite the mixed reactions, it is clear that the crypto industry is gaining more attention and support from the US government. And with Trump’s commitment to making the US the “crypto capital of the world,” it will be interesting to see how the industry continues to evolve and grow in the coming years.