U.S. President Donald Trump has reiterated his strong support for the cryptocurrency industry, warning that China is rapidly expanding its involvement in Bitcoin and other digital assets. During a recent interview with CBS correspondent Norah O'Donnell at Mar-a-Lago, Trump emphasized his goal to maintain the United States as the global leader in crypto.
He stated, "I want to keep America number one," and compared the crypto race to artificial intelligence, describing it as critical for national competitiveness. Trump warned that if the U.S. fails to lead, other nations like China and Japan will dominate the sector.
Trump also defended his controversial decision to pardon Changpeng Zhao (CZ), the co-founder of Binance, who had pleaded guilty in 2023 to violating anti-money laundering laws. Dismissing the allegations as a "Biden witch hunt," Trump claimed Zhao was unfairly targeted and described him as a highly respected and successful individual.
He highlighted that his sons are more involved in the crypto space than he is, and he views digital assets as a legitimate and valuable part of the U.S. economy. This stance marks a significant shift in his perspective on cryptocurrency.
Trump's comments come amid concerns that China is quietly reasserting its influence in the crypto sector despite previous bans. He argued that his administration's policies have propelled the U.S. forward in crypto innovation, while previous policies under Biden slowed progress.
In conclusion, Trump reiterated his commitment to ensuring U.S. supremacy in both cryptocurrency and AI, stating, "We are number one, and that's the only thing I care about. I don't want China or anybody else to take it away." This reflects a broader trend among U.S. political leaders who now see crypto as a matter of national strategy.
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