Donald Trump has once again voiced strong support for cryptocurrencies, framing them as a crucial tool in the U.S. effort to maintain an edge over China in the global race for technological supremacy.
As he returned to the White House from Palm Beach, Florida, Trump emphasized the strategic significance of digital assets in national policy. “I’m a big fan of crypto because I want to keep it away from China,” he said, reinforcing his belief that America must develop and adopt emerging technologies.
His remarks come at a time of intensifying geopolitical competition with China, particularly in key areas like blockchain, artificial intelligence, and other frontier innovations. Trump warned that failing to act decisively could allow China to dominate another critical tech domain.
He further highlighted the sector’s momentum, calling crypto
“a whole new thing that started, you know, not so long ago,”
pointing to its explosive growth and increasing global relevance. He reiterated that China’s influence could quickly extend into the cryptocurrency space without firm U.S. leadership—a scenario he insists must be avoided.
“I’m very much in favour of crypto because otherwise, China is going to take it over,”
he cautioned.
In line with this vision, Trump-backed initiatives earlier this year included the SEC’s formation of a crypto task force in January. The move aimed to cut down regulatory red tape and foster a more innovation-friendly environment for the crypto industry. It marked a significant step in reshaping U.S. financial oversight, favouring digital assets. Trump appointed David Sacks, former PayPal COO, as the first AI & Crypto Czar tasked with developing a comprehensive regulatory framework for digital assets to support sustainable growth.
Beyond crypto, Trump has also proposed sweeping tax reforms linked to his broader economic strategy. In a recent Truth Social post, he suggested that federal income taxes could be “substantially reduced” or even eliminated as new tariff policies are rolled out. He indicated that the cuts would primarily benefit Americans earning under $200,000 annually.
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