Trump: U.S. Must Act So China Doesn’t Control Crypto
U.S. President Donald Trump has linked America’s crypto push directly to competition with China, saying the U.S. must move fast or risk losing control of the digital asset space.
Speaking at the World Economic Forum in Davos, Trump said he backed the GENIUS Act not only because it’s politically popular, but because China wants dominance in crypto and digital payments.
🗣 “We have to make it so that China doesn’t get the hold of it — once they do, we won’t get it back.”
Trump also reiterated his vision of making the U.S. the global capital of crypto and AI, while hinting that a broader crypto market structure bill could be signed soon.
The message is clear: crypto is now a geopolitical race, not just a financial innovation. 🌍⚡
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