Trump declares the US's global cryptocurrency leadership - clear intention to surpass China

TokenTherapist · 2026-02-01T02:06:58+00:00

Donald Trump emphasized the importance of cryptocurrency policy in his administration during a recent speech at the World Economic Forum, aiming to position the U.S. as the "world cryptocurrency capital" and counter China's influence. He signed the "GENIUS Act" focused on stablecoins to promote the digital asset industry and highlighted ongoing Congressional efforts to establish broader market regulations. Trump underscored the dual motives of political advantage and geopolitical competition, specifically against China. U.S. cryptocurrency policies are set to have significant global impacts, shaping market legitimacy and strategic international dynamics.

TokenTherapist

2026-02-01 02:06:58

Abstract generation in progress

President Donald Trump recently clarified how important cryptocurrency policies are within his administration’s agenda at the World Economic Forum in Davos, Switzerland. In a lengthy speech, Trump emphasized the government’s efforts to strengthen the United States’ role as the “world’s cryptocurrency capital,” revealing a strategic intent to counter China’s influence in this sector.

SIGNING OF THE GENIUS BILL AND Policy Implementation Status

President Trump announced that he signed the “GENIUS Bill,” which focuses on stablecoins, a concrete legislative measure to promote the digital asset industry. He added that Congress is currently working on broader market structure regulations, and these regulatory frameworks are expected to be signed “very soon.” Trump’s remarks demonstrate an effort to balance the autonomy of the cryptocurrency industry with government regulation.

Progress of Broad Legislative Actions in Congress

The U.S. Senate is currently advancing legislation related to market structure through two committees simultaneously. One committee released a draft bill last week, while the other is refining the bill after withdrawing a previous vote. This indicates that Congress is approaching cryptocurrency regulation more cautiously and systematically. This bicameral cooperation aims to reach broad policy consensus.

Dual Strategy of Political Support and Geopolitical Competition

Trump clarified two key reasons for prioritizing cryptocurrency policy. The first is political gain; he mentioned it was “politically advantageous and received tremendous political support.” The crypto industry has supported candidates through hundreds of millions of dollars in Political Action Committees (PACs) and is now preparing to influence the 2026 midterm elections.

However, an even more important strategic dimension emphasized by Trump is countering China. He stated, “China also wants this market, and we must prevent China from dominating the cryptocurrency sector.” This reflects the same logic as the U.S. restricting China’s access in AI, indicating that cryptocurrencies are viewed as a strategic technological competition.

Policy Impact on the Global Cryptocurrency Industry

These policy choices by the U.S. have a significant impact on the global cryptocurrency market. The development of regulatory frameworks strengthens industry legitimacy, while geopolitical considerations are reshaping international competition dynamics. The cryptocurrency policies of the Trump administration serve not only as industry regulation but also as strategic tools to secure America’s technological dominance and geopolitical influence.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.