Trump Declares US Ambition: To Be a ‘Bitcoin Superpower’ and Global Crypto Capital

In a landmark address at the America Business Forum in Miami, former President Donald Trump passionately urged the United States to fully embrace the burgeoning cryptocurrency industry. His declaration was unequivocal: America must become a “Bitcoin superpower” and the undisputed “global cryptocurrency capital,” warning that hesitation could lead to rivals like China seizing the lead.

Trump highlighted a dramatic shift in federal policy under his administration, claiming to have ended a prolonged “war on cryptocurrency.” “We gather in Miami today to embrace a crucial industry,” Trump stated. “I signed a historic executive order, officially ending the federal government’s war on cryptocurrency. Cryptocurrency was under siege, but now, the siege is over.”

He underscored the immense scale and widespread support for digital assets among business leaders:

This is a big industry, truly very big. Many excellent entrepreneurs around me, who are in other industries, are also involved in cryptocurrency.

Trump further argued that the rise of cryptocurrencies could paradoxically strengthen the U.S. dollar. “This greatly alleviates pressure on the dollar. It brings many benefits, and we are throwing ourselves into it,” he asserted.

Drawing a sharp contrast with the current administration, Trump criticized President Joe Biden’s approach as “extremely hostile.” He alleged, “They hunted crypto practitioners like a witch hunt. It’s terrible. They were even prosecuted.”

Forging America’s Digital Future: Bitcoin Superpower and AI Leader

Trump’s vision extends beyond just digital currencies. He boldly proclaimed, “We are making America a Bitcoin superpower, a global cryptocurrency capital,” aligning this ambition with the nation’s leadership in artificial intelligence, where he asserted, “America is the undisputed leader in artificial intelligence.”

The former president issued a stark warning regarding international competition:

Don’t forget, if we don’t fully push for cryptocurrency development, China will. They’ve already started, they’re eyeing it. Other countries are also catching up. If we mess this up – this is a big industry.

While Trump’s Miami address primarily served as a powerful “statement of position” rather than introducing new policies or directives, it builds upon a series of pro-crypto actions taken by his administration earlier this year. These initiatives include the establishment of a “Bitcoin Strategic Reserve” and a “U.S. Digital Asset Inventory,” utilizing seized and confiscated cryptocurrencies. This, despite the U.S. government not directly purchasing digital assets, signals a significant shift in policy direction.

Furthermore, on July 18, Trump signed the “GENIUS Act,” a pivotal piece of legislation designed to create a comprehensive regulatory framework for stablecoins. Broader market structure legislation is also reportedly progressing. Crucially, the Trump administration has explicitly rejected the issuance of a U.S. Central Bank Digital Currency (CBDC), maintaining that fostering crypto-friendly policies is entirely compatible with preserving the hegemony of the U.S. dollar.