US President Donald Trump used the stage of the World Economic Forum in Davos on January 21 of this year to specifically highlight his legislation regarding Bitcoin (BTC) and the cryptocurrency field.
These are two important legislative initiatives aimed at “ensuring the United States remains the crypto capital of the world.”
In front of a global audience and in front of the key administrators of the world’s traditional financial system, the President talked about regulations To “give structure to the virtual currency market” in the United States.
He recalled the already approved Genius Act and announced that he would soon sign the proposal Transparency legislation that Congress is “very passionate about”. He said his goal is to “open new paths for Americans to achieve economic freedom” and, most importantly, “ensure the United States is the crypto capital of the world.”
According to President Trump, defending these laws is framed by a two-fold strategy. However, he acknowledged the “tremendous political support” these efforts had generated. But he emphasized unavoidable geopolitical motivations, including the need to prevent strategic rival China from seizing the reins of this emerging sector.
Virtual currency as a “pillar of the economy”
Trump added that while the previous administration (Joe Biden’s administration) was totally against it before the election, “we realized that millions of people were voting against it because of cryptocurrencies.”
Furthermore, he Innovation support centered on virtual currency It’s what he called the “miracle” of the American economy. The president has overturned predictions of recession and runaway inflation, painting a picture of unprecedented prosperity with accelerating growth and reining in inflation.
In his speech, President Trump attributed this success to policies such as tariffs, deregulation, and fossil fuel expansion. It forecast GDP growth in the fourth quarter to be 5.4% and emphasized that underlying inflation was 1.6%.
Trump contrasted this panorama with the previous administration’s “nightmare of stagflation,” which was associated with low growth and high inflation, but he asserted that his policies had achieved just the opposite.
Geopolitics with Bitcoin
Trump’s vision at Davos was not limited to the U.S. border. Criticized the European model for “increasing public spending”mass uncontrolled immigration and endless foreign imports.
He also questioned what he called the “Green New Scam.” In this regard, he referred to energy transition policies, particularly those focused on renewable energy such as windmills, which he considers to be a massive deception or fraud.
In the context of this global competition, President Trump’s Bitcoin and virtual currency strategy shows that he is not only pursuing domestic economic interests, but also aims to strengthen the United States’ position vis-à-vis its rivals.
Explicitly mentions China as an actor that must be surpassed in controlling digital asset markets Uncovering the geopolitical aspects of these cryptocurrency laws To build local markets.
As such, President Trump reaffirmed that regulation and leadership in the digital asset space are cornerstones of America’s strategy to ensure economic and technological supremacy.
As part of this message, the Trump administration established the U.S. House of Representatives in Davos. As CriptoNoticias previously reported, this is a high-profile private space recognized and independently organized by the State Department. The company has sponsors in the crypto ecosystem such as Ripple and Hedera, and in Switzerland, it shows the United States’ broader interest in the world of digital assets.
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