#StablecoinLaw đșđž Trump Calls 2018 Bitcoin Testimony âThe Greatest of All Timeâ
What Happened:
President Trump shared a video on Truth Social, praising Peter Van Valkenburghâs 2018 Senate testimony as the âgreatest explanation of Bitcoin ever.â
In the clip, the Coin Center research director powerfully defends Bitcoinâs decentralized design, its innovative edge, and its role in protecting financial freedom and privacy.
> âWhy is Bitcoin revolutionary? ⊠it works without the need for an intermediary.â
đ Timing & Context:
This comes just days after Trump signed the GENIUS Act, a landmark bill creating federal regulations for stablecoins â a massive shift in crypto policy.
It's a notable reversal from his 2021 stance, when he called Bitcoin a scam and claimed it was undermining the U.S. dollar. Now, he frames crypto as crucial to American strength and innovation.
đ Why It Matters:
1. Policy Shift: Part of Trumpâs broader pro-crypto push â from stablecoin legislation to a national Bitcoin reserve and crypto-friendly appointments.
2. Messaging Power: His public praise introduces Bitcoinâs decentralized value to a much wider, mainstream audience.
3. Market Impact: The statement came amid Bitcoinâs breakout above $118Kâ$120K, boosted by Trumpâs crypto momentum and growing institutional interest.
âïž The Takeaway:
This isnât just a viral post â it reflects a major evolution in Trumpâs stance on crypto:
Presidential-level approval of Bitcoin
Legislative backing through the GENIUS Act
A clear signal that digital assets are becoming central to his financial vision for the U.S.
#Write2Earn #BTCvsETH #CryptoPolicy #StablecoinAct #BitcoinNarrative #TrumpOnCrypto #DigitalDollarEra #Write2Earn!
