President Donald Trump announced a historic policy shift aimed at positioning the United States as the Bitcoin superpower and the crypto capital of the world. This declaration came during an economic speech where he emphasized that digital assets relieve pressure on the dollar and pledged to foster innovation in the cryptocurrency sector.
The initiative involves key appointments, including Treasury Secretary Scott Bessent and White House AI and Crypto Czar David Sacks. Bessent stated, Since taking office, President Trump has righted the wrongs of his predecessor by fashioning the United States into a crypto superpower… The Golden Age of Crypto the President has ushered in stands in stark contrast to recent history. A Presidential Working Group on Digital Asset Markets has been established to advance these goals, signaling a pro-innovation regulatory stance.
Immediately following the announcement, Bitcoin prices surged past $87,000, hitting an all-time high as markets reacted positively to the increased U.S. focus on digital assets. Trump also criticized Fed Chairman Jerome Powell, calling him an idiot, and projected U.S. economic growth of 4.2% or higher in the third quarter, though he will not attend the upcoming G20 Summit in South Africa.
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