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    Home»Crypto News»President Trump says US might be 'world capital of synthetic intelligence and crypto' in Davos speech
    President Trump says US might be 'world capital of synthetic intelligence and crypto' in Davos speech
    Crypto News

    President Trump says US might be 'world capital of synthetic intelligence and crypto' in Davos speech

    By Crypto EditorJanuary 23, 2025No Comments3 Mins Read
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    • January 23, 2025, 11:33AM EST

    Revealed 1 minute earlier on


    UPDATED: January 23, 2025, 11:56AM EST

    President Trump says US might be 'world capital of synthetic intelligence and crypto' in Davos speech

    U.S. President Donald Trump has reiterated his “America-first” stance relating to cryptocurrency.

    Talking through livestream on the World Financial Discussion board in Davos, Switzerland, Trump touted his administration’s early initiatives and mentioned the U.S. will turn out to be “the world capital” of crypto.

    “America has the biggest quantity of oil and fuel of any nation on Earth, and we’ll use it,” Trump mentioned Thursday morning. “Not solely will this cut back the price of just about all items and companies, it’ll make the USA a producing superpower and the world capital of synthetic intelligence and crypto.”

    Final August, Trump mentioned in a submit on X he would assist “be sure that the USA would be the crypto capital of the planet” whereas teasing his soon-to-come crypto mission. That mission would finally turn out to be World Liberty Monetary, a DeFi protocol that counts Trump as its “chief crypto advocate.”

    Simply three days earlier than Trump was inaugurated because the forty seventh president of the U.S., he launched Official Trump, a memecoin that at present has an $8 billion market cap in response to The Block’s TRUMP value information. Thus far, his solely public point out of the TRUMP token got here throughout a White Home briefing with AI leaders.

    “I do not know a lot about it apart from I launched it,” Trump mentioned. “I heard it was very profitable. I have never checked.”

    Earlier Thursday, the worth of bitcoin briefly popped to $106,000 after Sen. Cynthia Lummis teased an upcoming announcement, though that information ended up being one thing already identified — the U.S. Senate Banking Committee voted to have crypto-friendly Lummis lead its newly created digital asset subcommittee.


    Disclaimer: The Block is an impartial media outlet that delivers information, analysis, and information. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in different firms within the crypto area. Crypto change Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto business. Listed below are our present monetary disclosures.

    © 2024 The Block. All Rights Reserved. This text is supplied for informational functions solely. It isn’t supplied or meant for use as authorized, tax, funding, monetary, or different recommendation.

    About Creator

    Jason is a U.S. information editor at The Block. He beforehand labored as a employees author and later served as managing editor at Benzinga, a monetary information and information firm. He led Benzinga’s each day markets protection in addition to the growth of the outlet’s hashish, cryptocurrency and sports activities betting verticals. He earned a bachelor’s diploma in journalism from Central Michigan College and resides within the suburbs of Detroit, Michigan. Comply with him on X @JasonShubnell.

    WHO WE ARE

    The Block is a information supplier that strives to be the primary and closing world on digital belongings information, analysis, and information.

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