Trump Endorses Stablecoins After Creating US Bitcoin Reserve

President Donald Trump pledged to support legislative efforts to form a regulatory framework for stablecoins on Friday, after ordering the creation of a US strategic Bitcoin Reserve and a separate stockpile of other digital assets.

“I also want to express my strong support for the efforts of lawmakers in Congress as they work on bills to provide regulatory certainty for dollar-backed stablecoins and the digital assets market,” Trump said during a gathering of crypto executives at the White House. “They’re working very hard on that.”

Treasury Secretary Scott Bessent, who was also present at the meeting, said he intended ...