- Trump credit himself for Bitcoin’s file highs, calling the U.S. the “crypto capital.”
- His administration is backing crypto, appointing pro-crypto regulators and launching TRUMP memecoin.
- Washington is seeing its most pro-crypto Congress but, with key lawmakers pushing for industry-friendly regulation.
Bitcoin is flying excessive, and Donald Trump says it’s all due to him.
Talking on the Future Funding Initiative Institute convention in Miami on Wednesday, the U.S. president wasted no time taking credit score for the crypto surge.
“Bitcoin set a number of all-time file highs as a result of everybody is aware of that I’m dedicated to creating America the crypto capital,” Trump declared.
And in the intervening time? Bitcoin is hovering close to $96,700, down from its all-time peak of over $108,000 earlier this yr, in accordance with The Block. Nonetheless, it’s a historic run, and Trump is positioning himself because the commander-in-chief of crypto.
Trump: Crypto Is Right here to Keep
Trump didn’t cease at Bitcoin. He doubled down on his pro-crypto stance, highlighting Miami’s function within the motion.
“We need to keep on the forefront of all the things, and considered one of them is crypto,” he stated. “Miami appears to be the middle of the motion, come to think about it, and possibly it’ll keep there.”
That is nothing new. Even earlier than profitable again the presidency, Trump was very clear about his crypto ambitions—calling for the U.S. to be “the crypto capital of the planet.” Since taking workplace, he’s been backing it up.
Professional-Crypto Strikes & The TRUMP Memecoin Play
Trump’s administration has taken main steps to point out help for digital belongings. One of many largest? Appointing former regulator Paul Atkins—a recognized crypto ally—to guide the Securities and Alternate Fee (SEC).
However Trump didn’t simply cease at coverage—he additionally launched his personal memecoin. Proper earlier than his inauguration, TRUMP memecoin hit the market—and it wasn’t lengthy earlier than Melania adopted with considered one of her personal. Each tokens skyrocketed to billion-dollar market caps, proving that on the subject of crypto, this presidency isn’t nearly regulation—it’s about participation.
A Professional-Crypto Congress?
Trump’s rise again to energy has coincided with what some are calling probably the most pro-crypto Congress in historical past. Key figures like Senate Banking Committee Chair Tim Scott and Home Monetary Companies Committee Chair French Hill at the moment are steering the ship on crypto regulation.
With lawmakers in place who’re extra open to the {industry}, Washington might lastly be shifting towards actual, structured crypto laws—a pointy distinction to the years of crackdowns and uncertainty.
The massive query? Will Trump’s self-proclaimed “crypto capital” imaginative and prescient develop into actuality—or is that this simply one other chapter in his lengthy historical past of headline-making strikes? One factor’s for positive: crypto is on the heart of the political dialog like by no means earlier than.