President Donald Trump declared on Wednesday that he has effectively ended what he termed the Biden administration’s “war” on Bitcoin and other digital assets.
Speaking at the Future Investment Initiative (FII) PRIORITY Summit, Trump emphasized that his executive orders are designed to maintain the United States’ leadership in artificial intelligence (AI) and cryptocurrency.
“I’ve signed executive orders to keep the United States at the forefront of artificial intelligence and to end Joe Biden’s war on Bitcoin and crypto. We ended that war totally. That war’s over,” Trump stated, addressing an audience of investors and industry leaders.
Criticizing the Securities and Exchange Commission (SEC), Trump argued that the agency’s regulatory approach has been overly aggressive and politically charged. He claimed that many indictments related to cryptocurrency were motivated by political agendas rather than legitimate legal concerns.
“So many people are being indicted for no reason whatsoever. Very political group of people that all they did was…they liked indicting people,” Trump commented, suggesting that his influence played a role in the dismissal of several indictments prior to elections. He specifically pointed out that many of these cases were dropped as the elections approached, implying that they were strategically timed to undermine his political standing.
“Many of those indictments were dropped just before the election,” he noted, adding that such actions came too late to impact voter sentiment. “We had that vote entirely. I think everybody was smart that believed in that, and there are a lot of people believing it. Everybody who is smart voted for Trump and they pulled these indictments,” he asserted.
Trump maintained that his initiatives are grounded in what he considers to be beneficial for the industry rather than motivated by political considerations. “I don’t do anything for political reasons, I do what’s right. I wanna be at the forefront of any industry,” he declared.
Moreover, Trump claimed that his support for the cryptocurrency sector has fostered positive sentiment, which he believes has contributed to Bitcoin’s price increases. “Bitcoin…set multiple all-time record highs because everyone knows that I’m committed to making America a crypto capital,” he said. “We wanna stay at the forefront of everything.”
As the U.S. grapples with the complexities of cryptocurrency regulation, Trump’s remarks come amid a growing debate over how to manage digital assets in a way that fosters innovation while protecting investors. His statements reflect a broader trend among some policymakers who advocate for a more supportive environment for cryptocurrencies, contrasting sharply with the regulatory caution often exhibited by the current administration.
The president’s comments resonate with a segment of the cryptocurrency community that feels marginalized under stricter regulations. As he positions himself as a champion of the crypto industry, the implications for future regulations and market sentiment could be significant, particularly as the U.S. navigates its role in the global digital asset landscape.
Shogun Lin
