He emphasized his support for efforts to pass stablecoin bills, alongside legislation addressing market structure, as part of his administration\u2019s broader approach to reshape the federal government\u2019s stance on cryptocurrency.<\/p>\n
Trump stated that he hoped legislators would be able to send the bills before the August recess. The summit, which gathered key players from the crypto industry, including executives from leading exchanges and several lawmakers, also focused on important regulatory and policy issues. Key attendees included Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, SEC Commissioner Hester Peirce, and CFTC Chair Caroline Pham.<\/p>\n
A notable topic of discussion was \u201cdebanking,\u201d with Trump calling for an end to the controversial \u201cOperation Choke Point 2.0,\u201d a policy that critics claim pressures banks into cutting ties with crypto businesses. He also mentioned that previous administrations had weaponized government powers against the crypto industry, a stance he vowed to reverse.<\/p>\n