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Highlights
- Donald Trump pledges to position the U.S. as a global leader in cryptocurrency innovation and regulation.
- US senator emphasizes the need for America to lead in the Bitcoin race
- Bitcoin price hits $102,377, showing resilience and optimism amid growing U.S. crypto leadership ambitions.
U.S. President-elect Donald Trump has announced his administration’s commitment to spearhead global efforts in cryptocurrency innovation once in office. Trump stressed the importance of the United States embracing and advancing its leadership in the crypto sector. His statements marked a departure from the policies of previous administrations, signaling a shift toward a more crypto-inclusive approach.
Donald Trump Promises Bold Plans to Make America a Crypto Leader
In a recent interview, U.S. President-elect Donald Trump revealed his administration’s vision to position the United States as a global leader in cryptocurrency. Trump emphasized the urgency of staying ahead of nations like China, which he said are actively embracing blockchain and crypto technologies.
According to Donald Trump, the crypto sector represents a strategic opportunity for the U.S. to maintain economic dominance and technological innovation. He pledged to ensure that the country remains a frontrunner in areas such as blockchain adoption, crypto mining, and regulatory advancements.
While discussing his plans, Donald Trump acknowledged the need for robust yet business-friendly crypto regulations to boost growth and innovation. He indicated that his administration would work toward creating a regulatory framework that balances environmental concerns with economic progress.
Trump mentioned Lee Zeldin’s role in his administration as being instrumental in ensuring environmentally responsible crypto initiatives. Zeldin, tasked with overseeing environmental approvals, will expedite processes without compromising on safety.
U.S. Senator Cynthia Lummis Calls for Leadership in Bitcoin Race
U.S. Senator Cynthia Lummis echoed Donald Trump’s sentiment, declaring that America must lead in the “Bitcoin race” just as it did during the space race. She highlighted the importance of the U.S. dominating the cryptocurrency industry to secure its economic future.
America won the Space Race. Now America must win the Bitcoin Race.
— Senator Cynthia Lummis (@SenLummis) December 12, 2024
Lummis believes that a strong position in Bitcoin and broader cryptocurrency markets will give the U.S. a competitive edge globally. Her remarks align with Trump’s vision of a proactive approach to cryptocurrency leadership.
More so, reacting to the Trump’s plans for crypto, Senator Cynthia Lummis added,
“I’m ready to help you make this a reality.”
Moreover, the U.S. Senator previously proposed Bitcoin buying as a strategy to reduce the national debt by half over the next two decades. This ambitious plan will counter inflation and boost the U.S. dollar’s global standing.
Meanwhile, Bitcoin price has reached $102,377, reflecting a 1.38% increase in the past 24 hours. The asset’s daily range fluctuated between a low of $99,703.75 and a high of $102,316.49. Although still slightly below its all-time high of $103,900.47, Bitcoin continues to demonstrate resilience.
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