By CryptoSlate | Created at 2024-12-12 16:12:17 | Updated at 2024-12-22 07:31:57
1 week ago
Trump reaffirms plans to do ‘something great with crypto’ under new administration Liam 'Akiba' Wright · 5 mins ago
Donald Trump signaled plans for crypto reserve during remarks to Jim Cramer at the New York Stock Exchange. He indicated a goal to position the United States ahead of other nations, naming China as a point of reference. He described the need for substantial power generation to support related infrastructure and mentioned Lee Zeldin as overseeing environmental approvals.
He said,
“We’re going to do something great with crypto because we don’t want China or anybody else, and not just China, but others are embracing it. And we want to be the head.”
🚨DONALD TRUMP: We're gonna do something great with crypto. We don't want China, or anybody else – others are embracing it, and we want to be the head."
— DogeDesigner (@cb_doge) December 12, 2024
Trump’s statements are consistent with previous policy outlines and proposals for a national Bitcoin reserve that could proceed without immediate legislative consent. The interview followed his recent election victory and the subsequent market responses, including Bitcoin’s climb beyond $100,000 in early December.
He referenced broader technology ambitions, including artificial intelligence. The proposed approach suggests a coordinated effort to meet industry requirements, establish regulatory frameworks, and explore ways to facilitate greater market participation.
Trump’s comments offered additional context as preparations continue for his administration’s incoming policies. Amid fears that Bitcoin and crypto could fall down the order of importance when Trump returns to office, his continued commitment to crypto advancement.
