On March 21, according to a Bloomberg report, Donald Trump, after resuming his role as President of the United States, reiterated the initiatives of his previous administration to support cryptocurrencies, and once again expressed his support for stablecoin legislation, stating that this would help expand the dominance of the US dollar.

"I also call on Congress to pass landmark legislation to establish simple, commonsense rules for stablecoins and market structure," Trump said in a roughly two-minute video address at the Blockworks cryptocurrency conference in New York on Thursday.