Trump Promises US Leadership in Cryptocurrency Markets
President Donald Trump declared he has ended what he characterized as the Biden administration's opposition to Bitcoin and cryptocurrency during his speech at the FII PRIORITY Summit in Miami Beach on Wednesday in a report from Cryptobriefing.
Trump said his executive orders aim to keep the United States leading in artificial intelligence and cryptocurrency markets. "We ended that war totally. That war's over," Trump stated, referring to what he described as regulatory hostility toward digital assets under the current administration.
Speaking about cryptocurrency-related legal cases, Trump suggested many indictments were politically driven and later dismissed. "Many of those indictments were dropped just before the election," he noted. Trump connected these dismissals to voter support, stating "Everybody who is smart voted for Trump and they pulled these indictments."
The former president specifically criticized the Securities and Exchange Commission's approach to crypto regulation. He presented his stance on the industry as guided by principles rather than politics, saying "I don't do anything for political reasons, I do what's right. I wanna be at the forefront of any industry."
Trump linked Bitcoin's recent performance to his supportive position on cryptocurrency, claiming the digital currency "set multiple all-time record highs because everyone knows that I'm committed to making America a crypto capital." He expressed his intention for the United States to maintain leadership across technological sectors.
During his address, Trump outlined three main areas of focus:
- Maintaining US leadership in artificial intelligence development
- Supporting cryptocurrency market growth
- Reducing regulatory restrictions on digital assets
The speech took place as part of the broader FII PRIORITY Summit events in Miami Beach, where various political and business leaders gathered to discuss technology and financial markets.
The Miami Beach summit coincides with growing state-level interest in cryptocurrency investment. Twenty U.S. states are considering legislation to invest government funds in digital assets, potentially totaling $23 billion. Montana's House Business and Labor Committee recently approved a bill that would allow up to $50 million in state investments in Bitcoin and precious metals. Arizona leads these initiatives with a proposed $8.7 billion allocation, while Florida considers a $3 billion investment. This state-level movement parallels the growth of the U.S. Bitcoin mining industry, which now generates $4.1 billion in annual gross product and supports over 31,000 jobs nationwide.
