Donald Trump Ignites Crypto Race: US Aims to Eclipse China

• US President Donald Trump recently announced a US Crypto Reserve
• The White House also hosted a Digital Asset Summit with key industry leaders a few days ago
• In 2019, Trump stated that Bitcoin and cryptocurrencies are unreliable and invaluable

During his first term in office, in 2019, US President Donald Trump trashed Bitcoin (BTC) and other cryptocurrencies, calling them unstable and based on “thin air.”

He also criticized their potential to facilitate illicit activities like drug trafficking and fraud. However, his view has shifted significantly since his election for a second term, leading to an ambitious plan to position the US as the global leader in digital assets.

Trump’s Drastic Shift in Crypto Policy

Since taking office again in January 2025, Trump has aggressively embraced cryptocurrencies. He even held a first-of-its-kind White House summit dedicated to digital assets a few days ago.

Speaking to a room of industry leaders, including Chainlink’s Sergey Nazarov, Trump declared that the US would become the “crypto capital of the world.” 

His turnaround on digita…

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