Trump Calls Himself ‘Crypto President’ at Coinbase Event, Pledges Support for Bitcoin and Stablecoins

U.S. President Donald Trump once again expressed strong support for cryptocurrencies during a pre-recorded appearance at Coinbase’s State of Crypto Summit on Thursday. In the 90-second video message, Trump described it as an “honor” to be recognized as a crypto-friendly president and pledged to continue advancing the digital asset space.

Trump highlighted his intention to end the previous administration’s “war on crypto” and reiterated plans to establish a federal working group focused on blockchain and digital assets. He also endorsed the GENIUS Act, a bill aimed at enabling the creation of dollar-backed stablecoins. The legislation is currently under review in Congress, with a Senate procedural vote scheduled and two House committees recently advancing a related market structure bill.

He claimed that his administration is also forming frameworks to ensure U.S. leadership in crypto and Bitcoin innovation. In a bold, though unverified statement, Trump mentioned creating a “U.S. Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” despite no official confirmation of such programs.

Coinbase, which hosted the event, previously donated $1 million to Trump’s inaugural fund and is a leading contributor to the Fairshake super PAC, committing tens of millions toward pro-crypto political efforts for the 2026 elections.

Following Trump’s remarks, Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire discussed the evolving role of crypto in global finance. Allaire reflected on the challenges Circle faced a decade ago, stating that meeting with institutional players like insurers was once seen as controversial.

The event reinforced the growing political momentum behind crypto and the industry's push for regulatory clarity and broader adoption in the U.S. financial system.