President Donald Trump issued a stark warning about China's ambitions in the cryptocurrency 0 spoke during his address on Wednesday at the America Business Forum in Miami, 1 President informed business leaders that Asian competitors have the opportunity to dominate the digital currency market if America does not establish the right crypto 2 spoke at 1 PM ET on the opening day of the two-day 3 noted the current administration's efforts to change the unfriendly approach the digital asset industry had faced under the previous administration. ”I've signed historic executive orders to end the federal government's war on crypto,” Trump stated. ”Crypto was under siege.
It's not under siege anymore because it's a big industry.” The President made it clear that numerous prosperous corporate executives today have an interest in cryptocurrency alongside their traditional 4 emphasized the need to provide an enabling regulatory environment to these 5 America as the Global Bitcoin Leader Trump reemphasized his ambition to make the United States the leading destination for cryptocurrency innovation 6 vision is for America to become the ”Bitcoin superpower” and the ”crypto capital of the world.” These are similar to remarks Trump made at his presidential campaign last year at the Nashville Bitcoin 7 President now tries to turn those campaign promises into tangible policy accomplishments. ”We're making the United States the Bitcoin superpower, the crypto capital of the world, and the undisputed leader in artificial intelligence,” Trump 8 stated that America was already ahead of China in the development of digital currencies and artificial intelligence.
He, however, warned that without decisive action from Washington, this advantage would 9 Regulatory Reforms Under the Trump Administration Already, the Trump administration has introduced several major changes to the regulation of 10 Trump returned to the Oval Office, many of the restrictions that once hindered digital asset businesses have been 11 July, the historic moment was the signing of the GENIUS Act stablecoin 12 law establishes clear requirements for stablecoin issuers operating in the United 13 to the White House Fact Sheet, the legislation provides full reserve support of all 14 must hold liquid assets such as US dollars or short-term Treasury securities to back their 15 reports will also be required on a monthly basis, as mandated by 16 must publish detailed information about their reserve composition to ensure public accountability and transparency.
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