Trump's speech at the Crypto Assets conference "was completely unremarkable," Bitcoin briefly fell below $84,000, and U.S. stocks closed lower due to tariff concerns.

US President Donald Trump delivered a video speech at the 2025 Digital Asset Summit hosted by Blockworks later yesterday (20), re-emphasizing his support for cryptocurrency and stablecoin legislation. However, overall, there is no new bright spot at all, and bitcoin may be affected by this, which once fell below $84,000. (Synopsis: Trump will make public the major progress of bitcoin reserves tomorrow by speaking at the cryptocurrency conference? (Background supplement: Bitcoin 83,000 small shocks" Trump policy fog + Fed Ball problem, market hesitation) The 2025 Digital Asset Summit (2025) hosted by Blockworks officially opened this week, yesterday (20th) on the third day of the conference, US President Trump delivered a speech at the conference through pre-recording, and the full text of Trump's speech was compiled as follows: It's a pleasure to talk to you about how the U.S. will dominate cryptocurrencies and the next generation of financial technology. It's not easy, but we're way ahead. Just two weeks ago, we hosted the first-ever White House Digital Asset Summit, bringing together many of the world's top crypto leaders for dialogue. The meeting was led by our White House AI and crypto czar David Sacks, who was in charge of the affairs and was a very good and smart person. Just that same week, I also signed an order creating a new strategic Bitcoin reserve and a U.S. digital asset reserve that would allow the federal government to maximize the value of its cryptocurrency holdings rather than sell them like fools for a fraction of their long-term value. And Biden did just that, he received only a fraction of the value. We will end the previous administration's regulatory war on cryptocurrencies and bitcoin, including stopping the lawless Operation Choke Point 2.0. This stranglehold goes far beyond regulation, I mean, too far, and it's simply a form of government weaponization law. Frankly, it's a shame. From January 20, 2025, this will all come to an end. I also call on Congress to pass landmark legislation that sets out simple and common rules for stablecoins and market structures. With the right legal framework, institutions large and small alike are free to invest, innovate, and participate in one of the most exciting technological revolutions in modern history. It's a big deal, and I think it's the largest scale you can imagine. You pioneers will be able to improve our banking and payment systems to bring more privacy, security, and wealth to American consumers and businesses. You will unleash the explosive power of economic growth, and as the dollar returns to stablecoins, you will be the future of finance. And right here, in the wonderful country of the United States, we will work together to make the United States the undisputed Bitcoin superpower and the global cryptocurrency capital. Bitcoin once fell below $84,000 It can be seen that Trump once again emphasized his support for cryptocurrency and stablecoin legislation in his speech, but on the whole, it is still the same old tune, and it did not release a substantial benefit to Bitcoin as the market expected, and it was only a short period of more than two minutes, which disappointed investors. Or affected by this, after the release of Trump's speech last night, bitcoin also suffered a wave of rapid decline in selling pressure, falling all the way from $86,529 to a minimum of $83,642, and rose slightly to $84,554 at the time of writing, a decline of 1.36% in the past 24 hours. In addition, in terms of U.S. stocks, although the U.S. Federal Reserve (Fed) kept interest rates unchanged and expected to cut interest rates twice this year, investors are worried that Trump may impose more tariffs in April, and U.S. stocks closed black in risk aversion on the 20th. The Dow Jones Industrial Average fell 11.31 points, or 0.03%, to close at 41953.32 The S&P 500 fell 12.40 points, or 0.22%, to close at 5662.89 The tech-heavy Nasdaq fell 59.16 points, or 0.33%, to close at 17691.63 Philadelphia's semiconductor index fell 33.16 points, or 0.72%, to close at 4601.37 Related stories US poll: Only 10% support expanding crypto industry spending, More than half oppose Trump's Bitcoin reserves: Weekly News of the Moving Zone" Trump tariffs affect friendly forces, Russia-Ukraine ceasefire is expected, gold hits a new high, Bitcoin is still struggling The U.S. Treasury Department promotes "bitcoin reserves" rumors have met with 3 custodian companies, and the Democratic Party pressured to stop: It's all Trump's conspiracy (Trump's cryptocurrency conference speech was "completely unbright", bitcoin once fell below $84,000, U.S. stocks closed black due to tariff concerns) This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".