US President Donald Trump addressed attendees of Coinbase's State of Crypto Summit with a prerecorded message, emphasizing his administration's ongoing efforts to implement crypto policies. He highlighted initiatives such as establishing a national Bitcoin reserve and promoting the GENIUS Act, which aims to support the creation of dollar-backed stablecoins. These efforts coincide with Congressional discussions to regulate payment stablecoins and clarify the roles of regulatory bodies like the SEC and CFTC. Trump's message marks his second direct communication with the crypto community since taking office, coming amid scrutiny over his administration's spending and connections to the crypto industry. Lawmakers in Congress are currently deliberating on the GENIUS Act and CLARITY Act to provide a regulatory framework for digital assets, although some Democratic lawmakers have indicated potential opposition due to Trump's ties to the crypto sector.

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