President Donald Trump is set to address the Digital Asset Summit (DAS) in New York City later today and is expected to make key announcements related to crypto policies in the United States.

This marks the first time a sitting U.S. president will speak at a cryptocurrency conference.

What Happened: Hosted by Blockworks, the event has drawn significant attention from the crypto community, with expectations of a major announcement on Trump's next steps for crypto policy.

The summit follows Trump's recent pro-crypto actions, including the establishment of a Strategic Bitcoin Reserve, as the industry seeks clarity on regulatory frameworks and economic policies impacting digital assets.

Eleanor Terrett, a former Fox Business reporter, shared on X that Trump's appearance might be either a livestream or a pre-recorded speech, noting the fluid nature of the president's schedule.

"I'm told this may yet happen but could also be done via a taped recording," Terrett stated, adding, "A big announcement regarding [Trump's] plans for next steps in crypto policy is coming imminently out of the [Blockworks DAS]."

The anticipation stems from Trump's earlier moves, such as signing an executive order on March 7 to create a Strategic Bitcoin Reserve using 200,000 seized Bitcoin, valued at approximately $17 billion, and a separate Digital Asset Stockpile for other cryptocurrencies.

Hunter Horsley, CEO of Bitwise Asset Management, highlighted the significance of the event on X, stating, "The year America woke up and started to lead in fostering Bitcoin & crypto."

The lack of new Bitcoin purchases disappointed some investors, with Bitcoin's price dropping to $86,400 levels on March 8.

Also Read: Recession Would Be ‘A Big Catalyst For Bitcoin,’ BlackRock’s Head Of Digital Assets Says

Why It Matters: This sentiment aligns with Trump's recent rhetoric, including a Truth Social post on March 20, where he urged the Federal Reserve to cut interest rates to support economic transitions, writing, "The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy. Do the right thing."

While not directly mentioning crypto, the post reflects Trump's focus on economic policies that could indirectly influence digital asset markets, especially as the industry looks for signals on capital gains tax adjustments or regulatory clarity.

Sources indicate that attendees at the summit, including Ripple XRP/USD CEO Brad Garlinghouse and Strategy MSTR executive chairman Michael Saylor, expect discussions on regulatory frameworks, U.S. competitiveness in the digital asset space, and Bitcoin's BTC/USD role as a store of value.

The industry also expects potential announcements, such as eliminating capital gains tax on Bitcoin or expanding government-backed crypto reserves, though these remain unconfirmed.

The summit follows Trump's White House Crypto Summit on March 7, where he pledged to make the U.S. the "crypto capital of the world," a promise that has fueled industry optimism despite recent market volatility.

Read Next:

• Cathie Wood Hops On Tokenization Hype Train, Says ‘We’d Love To Tokenize Our Venture Fund’

Image: Shutterstock