- Trump relies on cryptocurrency to prevent Chinese control over technology and digital assets.
- The United States loosens customs duties and work on differentiated trade agreements – the Bitcoin course exceeds $ 93.7 million.
Donald Trump has renewed his support for cryptocurrencies as part of a strategy against China’s growing global technological influence. In a speech from the Air Force One emphasized He that the United States would have to take the leading position at digital assets worldwide.
His statements illustrate the increasing tensions between the two nations in the areas of AI, blockchain and digital currencies. The US President also confirmed the efforts to reduce trading barriers and the search for new trade agreements worldwide.
JUST IN:
President Trump says, "I want crypto. Crypto is important because if we don’t do it, China will."
— Bitcoin Magazine (@BitcoinMagazine) May 4, 2025
Trump explained:
“I want crypto. Krypto is important because if we don’t do it, China will do it.”
He pointed out that the rapid expansion of cryptocurrencies was an important area in which the United States should not fall back. During his statements on Sunday evening after his return from Palm Beach, Trump warned of China’s endeavor to dominate the future of digital infrastructure. He described cryptocurrencies as crucial for the preservation of the competitiveness of the United States in new technologies.
Trump made his support for digital assets on China’s state -supported digital Yuan. While Beijing is expanding its central bank program for digital currencies, Washington has become more careful. Trump’s support for cryptocurrencies has become a symbol of resistance to China’s influence on global financial systems.
SEC-Task-Force and new crypto representative
At the beginning of the year, the US stock exchange supervisory authority launched a new crypto-task force under Trump’s management. The unit is intended to reduce regulatory hurdles to support the sector. This was part of a larger initiative to make the United States a pioneer in the digital economy.
Trump appointed the former PayPal manager David Sacks as a AI and crypto representative. In this function, sacks will develop a uniform, streamlined regulatory approach for digital assets. The appointment means that the industry is more involved in the regulatory process, which was criticized as unclear and restrictively.
The initiative of the SEC came up with regulatory clarity after the increasing pressure of the US crypto companies. With the establishment of the Task Force, the Trump administration has put digital assets at the center of the country’s technology policy.
Customs cuts and Bitcoin strategy
In addition to his statements on cryptocurrencies, Trump also spoke about tariffs during his press briefing. He said that US officials are in talks with more than 70 countries. According to Trump, the goal is to conclude “tailor -made trade agreements” in order to reduce the dependence on China. He said that no new discussions with XI Jinping were planned, but negotiations with Chinese representatives went. Trump said that the youngest tariffs, including 145 % for Chinese goods, could soon be adjusted:
“You want to do a business. You absolutely want an agreement.”
As CNF reported, his statements made Bitcoin climb over $ 93,700, as optimism in connection with the trade between the USA and China increased again.
On April 23, Trump said that he would lower the tariffs, a temporary departure from his earlier protectionist attitude. He said that the reduction in tariffs could have disadvantages at short notice, but fair trade was necessary. In a separate NBC interview, he described Nixons approach to China as “the worst thing he has ever done” and has been skeptical about Beijing for a long time.
Bitcoin reacts to global political changes. The US government currently has around 198,012 BTC worth over $ 18 billion, which largely come from confiscations. In an interview on May 1, Arthur Hayes said that the government would be unlikely to buy more. He said that an increase in BTC stocks in view of the US debts was not politically possible.
As CNF reported, Hayes said that no chosen official would ever support the printing of money to buy Bitcoin. He pointed out that Bitcoin’s public image would make it difficult for the established politicians to support it. Nevertheless, Trump signed a implementation regulations on the creation of a strategic bitcoin reserve on March 6 and thus de facto recognized the investment class.
No Comments