title: Trump Touts His Crypto Bona Fides at Coinbase Conference

MANHATTAN — U.S. President Donald Trump again touted his crypto bona fides at a conference Thursday, telling an audience it was an "honor" to be considered a crypto president.

United States President Donald Trump on Thursday hailed cryptocurrency once again, saying it was an “honor” to be viewed as a crypto president at a conference.

Speaking in a 90-second recorded video at crypto exchange Coinbase's (COIN) State of Crypto Summit (no relation to the CoinDesk newsletter with the same name), Trump repeated comments he's made at other events about ending his predecessor's so-called war on crypto and forming a working group to examine digital assets.

Trump also referenced legislation working its way through Congress.

"My administration is working with governors to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and bitcoin," he told a filled room to scattered applause.

The Senate's GENIUS Act will go through a procedural vote on Thursday, following a successful effort on Wednesday. Meanwhile, two key House committees advanced a market structure bill on Tuesday.

Trump also noted his executive order on establishing a national bitcoin task force earlier this year.

Coinbase donated a million dollars to Trump's inaugural fund, and was a major backer of the Fairshake super PAC in the 2024 election. It's already committed tens of millions of dollars to Fairshake for the 2026 election.

Following his remarks, Coinbase CEO Brian Armstrong and Circle (CRCL) CEO Jeremy Allaire reflected on crypto and their respective company's evolutions, arguing that crypto could become a bigger part of the global financial system.

Allaire, whose company went public on the New York Stock Exchange last week, said it was difficult for Circle to meet with backers or other entities a decade ago.

"It was amazing to me that, like, I'd literally walk in a room with an insurance company, [and] they were literally, like, we're not sure we're allowed to have this meeting," Allaire said.