President Donald Trump delivered a joint speech to Congress on March 4, 2025, his first speech since the unveiling of his second term. The speech lasted about 1 hour and 40 minutes, making it the longest joint session in American history.
Ukraine and Russia “prepare for peace”
Source: Reuters
Trump focused on Ukraine, highlighting American support and ending the war effort. He mentioned a letter from Ukrainian President Volodymyr Zelensky, saying Ukraine is ready for peace talks. He also mentioned strong signals from Moscow that Russia is willing to negotiate.
He promises unnecessary wars are unnecessary. When he concluded his speech, he vowed to restore the golden age of America and secure the future.
Top priority: Rescue the U.S. economy
Trump makes economic rescue a top priority. He cited rising energy and food prices as a result of the economic decline and inflation of the Biden administration. He said thousands of basic needs struggled due to Biden’s failed policies.
He promises to reverse family damage and reduce family costs. He stressed that the Government Efficiency Commission is a tool to reduce waste and reduce inflation. Republicans cheered when they mentioned Elon Musk sitting among the audience.
Tax cuts
Source: Reuters
Trump mocked Democrats for opposing tax cuts, claiming they would never win without supporting them. He stressed that the tax cuts through these are a key step to strengthening the economy, referring to the budget plan of the Housing Republican Party. He even warned Democratic lawmakers that failure to support cuts could undermine their chances of reelection.
The president also proposed permanent reduction of income taxes, a move estimated to cost at least $4.5 trillion over the next decade. In addition, he called for the elimination of taxes on tips, overtime pay and social security benefits, aiming to provide more economic relief to American workers.
Trump proposes tax cuts on interest on U.S.-made auto loans
Trump announced his intention to pay interest on tax-deductible auto loans, but only for vehicles produced in the United States.
He has confidence in his policies will drive unprecedented growth in the automotive industry and claims new manufacturing plants are opening up and major deals are being reached. According to him, these measures will lead to a significant expansion of the U.S. automotive industry.
Last month, Trump hinted at high tariffs on imported cars, suggesting they could be 25%. He said more details will be provided in early April. He also noted that several automakers have already been committed to building large production plants in the United States under his policies.
Enhanced rare earth metal production
Trump has announced a plan to expand our mining for rare earth metals and critical minerals. He promised historic action later this week to increase domestic production.
Materials such as lithium, uranium and graphite power cleaning energy, defense systems and electronic products. He stressed the importance of using these resources to ensure national security.
New tariffs take effect on April 2
Trump condemned unfair trade practices and vowed to impose reciprocal tariffs. He accused Mexican and Canadian ambassadors of fentanyl trafficking that killed thousands of people.
The president requires companies to be manufactured in the United States or face tariffs. He called the current trade imbalance unacceptable and promised to put the United States first.
The tariffs will come into effect on April 2. Trump praised Apple, Oracle and TSMC for their major investments, saying they will strengthen U.S. industry and AI leadership.
Fight against fraud and cutting bureaucracy
Source: Reuters
Trump introduced the Government Efficiency Commission (DOGE) and attributed Elon Musk to a leading anti-fraud effort. He claimed they used the recovered funds to cut debt and resist inflation and found hundreds of billions of waste.
He promised to demolish irresponsible bureaucracy and restore democracy. He warned that any official resisting reform would be removed. He criticized the regulations and slowed federal approvals, calling them barriers to progress.
He noted that despite the end of Covid-19-19 remote policy, many federal employees have not returned to work.
Other comments from Trump
Source: Reuters
Trump accused Democrats of rejecting his success. He said that even if he solved America’s biggest problem, they would never admit his achievements.
On immigration, Trump deployed the military to stop “invasion” at the southern border and freeze federal recruitment.
He celebrated the end of the Green New Deal, withdrew from the Paris Climate Agreement and blocked the EV order to protect the automotive industry.
Trump claims he terminated the weaponization of the government, accusing Biden of prosecution for political motives. He promised to restore freedom of speech and dismissed the legal case against him.
Regarding national security, he vowed to accept the Mexican drug cartel. He also announced plans to reclaim the Panama Canal and promote U.S. shipbuilding.
Finally, he expressed a new interest in Greenland. If they join the United States, he promised the people’s wealth, protection and rapid growth.
Impact on the cryptocurrency market
Trump’s tax cuts could increase disposable income, resulting in higher retail investments in bitcoin and altcoins. Lower long-term taxes may encourage ongoing cryptocurrency adoption, especially among new investors seeking alternative assets. His emphasis on domestic manufacturing and technological advancements may drive blockchain adoption in supply chain management, thereby increasing transparency and efficiency.
Additionally, increased investment in AI and technology may accelerate innovations related to encryption. Elon Musk’s participation in Trump’s DOGE could further legitimize cryptocurrencies, especially Dogecoin, while potential government blockchain adoption could enhance the role of cryptocurrencies in finance and governance.
Source: TradingView Data
Trump’s tariffs and trade restrictions could create economic instability and increase market volatility, which could affect traditional assets and cryptocurrencies. While some investors may turn Bitcoin to hedges, panic-driven sell-offs can also occur. His administration’s unclear stance on crypto regulations adds further uncertainty, and potential restrictions on Stablecoins, Defi and Crypto exchanges could slow industry growth.
Furthermore, his aggressive foreign policy could escalate geopolitical tensions, leading to regulatory crackdowns on cross-border crypto transactions. The government may impose stricter control over Stablecoins and decentralized financial platforms, thus limiting their accessibility and use.
