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Trump's Crypto Comments Cheered: Robinhood CEO Stresses 'Broad Ownership' At White House Event, Binance Founder Says, 'We're So Back'
By Exbasi Intelligence
Sourced from Benzinga
President Donald Trump repeated his commitment to secure U.S. leadership in cryptocurrency and emerging technologies, sparking widespread reactions from industry executives and top administration officials.Reactions Pour in From Crypto ExecsCoinbase Global Inc. (NASDAQ:) CEO Brian Armstrong, who was present at the White House summit hosted by Trump, said the administration and industry are ready to get the CLARITY Act across the finish lineHe added that CFTC Chairman Michael Selig and SEC Chairman Paul Atkins are aligned on this goal, expressing optimism that the Senate would eventually pass the legislation.Todayâs message from was clear: This Administration is committed to passing the Clarity Act â answering votersâ call for consistent rules for crypto.Regulators and are aligned, Congress has set a date, and the entire industry is ready to get⌠Robinhood Markets Inc. (NASDAQ:) CEO Vlad Tenev, who also attended the event, stated that the companyâs core purpose is enabling broad ownership, calling it essential to a free, stable, and prosperous society.He said Robinhood is committed to ensuring that âAmerica leads the way.âRobinhood exists to make everyone an owner.Broad ownership is essential to a free, stable, and prosperous society. Ripple CEO Brad Garlinghouse hailed Trumpâs âincredible commitmentâ to innovation and leadership around digital assets in the U.S.âCrypto isnât a fringe industry. And Washington DC knows the crypto voter is alive and well,â Garlinghouse added.Great to be back at the White House today alongside , , and leaders across the crypto industry.The big picture has never been clearer: 67 million Americans hold crypto today (thatâs nearly 1 in 4!). Crypto isn't a fringe industry.⌠Binance Founder Changpeng Zhao also joined the celebrations, stating, âWe are so backâ in response to Trumpâs industry-supportive remarks at the event.We are so back! đ Read Also: SEC Chair Promises âGreatest Advances of the Technological Frontierâ in USSEC Chair Paul Atkins said that under Trumpâs leadership, the regulators will ensure that the âgreatest advances of the technological frontierâ happen right here in the U.S.Great to join President , , and industry leaders at the today.Under President Trumpâs leadership, we will ensure that the greatest advances of the technological frontier are realized right here in America. đşđ¸ Pro-cryptocurrency Sen. Cynthia Lummis (R-Wyo.) quoted Trump criticizing the Biden administrationâs cryptocurrency regulations as a âbrutalâ attack that pushed innovation overseas to Chinaâs advantage.âWe must never go back to the Chokepoint 2.0 era,â the senior Republican said.Fact check: TrueWe must never go back to the Chokepoint 2.0 era. Trump Reiterates Pro-Crypto StanceTrump said that America remains the âundisputed leaderâ not only in Bitcoin (CRYPTO: BTC) and cryptocurrency, but also in technologies like prediction marketsHe added that the U.S. is currently the "hottest country" in the world and urged Congress to take the next step by passing the CLARITY Act.When asked about the administrationâs plans to accumulate Bitcoin or other cryptocurrencies, Trump said the option is being âtalked aboutâ and if the executives come up with recommendations, heâd "certainly listen." Read Also: Eric Trump Says It's 'Exciting to See' Bitcoin's Massive Surge, Deems Digital Assets as the 'Future'â ABTC Stock Rips 13% Photo: Rawpixel.com / Shutterstock.com