Trump reaffirms commitment to make US the ‘world capital of crypto’ at Davos

Share This Post

President Donald Trump said in a Jan. 23 speech at the World Economic Forum in Davos that the US will become the world capital of crypto and AI.

Trump said his administration would reduce costs across the board for “virtually all goods and services,” which would also make the US a manufacturing superpower — directly boosting both industries.

This is the first time Trump has addressed the crypto industry since taking office, aside from briefly mentioning his memecoin, the Official Trump (TRUMP) token. The launch prompted the filing of spot exchange-traded funds (ETFs) indexed to memecoins, including one tied to the TRUMP token.

Advancements without mentions

Crypto industry players in the US hoped that Trump would sign executive orders on day one addressing the sector.

However, crypto was totally omitted from the President’s inaugural speech and the letter outlining the White House’s regulatory priorities.

Nevertheless, on his first day in office, Trump made pro-crypto nominations. First, he appointed Caroline Pham as acting chair of the Commodity Futures Trading Commission (CFTC).

Pham advocates for clear rules for the crypto industry in the US and suggested creating a regulatory sandbox for tokenization companies in 2023. She argues that this effort would boost market liquidity, security, and competitiveness.

The President also nominated pro-crypto Commissioner Mark Uyeda as acting chair of the US Securities and Exchange Commission (SEC) until Paul Atkins, the permanent chair, takes office in June 2026.

Following his nomination, Uyeda created the regulator’s first crypto task force to establish clear rules and avoid regulation through enforcement. The group will be led by Hester Peirce, another pro-crypto Commissioner known as “Crypto Mom.”

The post Trump reaffirms commitment to make US the ‘world capital of crypto’ at Davos appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip?

The post Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip appeared first on Coinpedia Fintech News The price of Pi Network’s token, Pi has recently experienced major selling pressure,

Bitcoin Bullish Trend In Jeopardy As BTC Price Stumbles Near $85,211

Bitcoin’s recent price movement near the $85,211 level has revealed several technical red flags, suggesting potential weakness in its bullish momentum Despite multiple attempts to break through

‘Ripple is Never Going to Win’: Popular Author Questions XRP’s Real Use Case

The post ‘Ripple is Never Going to Win’: Popular Author Questions XRP’s Real Use Case appeared first on Coinpedia Fintech News Despite ongoing legal battles, Ripple’s XRP token continues to

Ethereum Must Reclaim $2,050 To Start A Recovery Rally – Insights

Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900 The broader crypto market remains under heavy

24 Ways Crypto Investors Are Being Hunted by Cybercriminals—Wallets Drained at Record Speed

Crypto scams are draining wallets fast, using AI fraud, fake mining, and Ponzi schemes—so advanced that regulators struggle to keep up 24 Brutal Crypto Scams Hunting Investors — The Tactics

Whales Accumulate Over 420,000 Ethereum In Five Days – Rally On The Horizon?

Ethereum (ETH) has seen underwhelming price action this year, disappointing analysts and investors who expected a massive breakout Instead, ETH is now trading at its lowest levels since October 2023,