Speaking at 1 pm ET on Wednesday, day one of the two America Business Forum In Miami, Florida, President Donald J. Trump encouraged The United States to embrace crypto and sketched an ambition for US leadership. “We’re here … to embrace an important industry here in Miami,” he said.
Trump cast his administration as the reverse of hostility to Washington: “I also signed historic executive orders to end the federal government’s war on crypto. Crypto is under siege. It’s out of control.”
He argued that the sector is big and supported by business leaders: “Because it’s a big industry. It’s a big industry, and I have a lot of people who are great people, great entrepreneurs. They’re in other businesses, but they’re also in crypto.”
He linked digital assets to the US currency: “And it takes a lot of pressure off the dollar. It does a lot of good things, but we’re in.” He compared his stance to the previous administration: “Biden is vicious in crypto. They’re going to go after these crypto people. It’s terrible. They’re under indictment.” (Trump then dug into his own legal battle, which wasn’t about crypto.)
Trump framed the goal as National Leadership: “We are making the United States the Bitcoin Superpower, the Crypto Capital of the World,” and tied his tech message to AI by calling the US “the undisputed leader in artificial intelligence.”
Looking abroad, he warned of competitive pressure: “And don’t forget, if we don’t do crypto well, China wants … China wants to do it. They started it, but they want to do it. Other countries want to do it. If we don’t do it well – it’s a big industry.”
His remarks in Miami emphasized the positioning in new details; He did not reveal fresh deadlines or agency directives.
This year, the White House has taken steps consistent with that posture, including creation a strategic bitcoin reserve and a digital US Digital stock using coins obtained through federal seizures and forfeitures; However, there are no government purchases of Bitcoin.
A StableCoin framework was advanced by the Genius Act, signed into law on July 18, while the broader market structure law continues to develop. Trump’s team has too rejected A US digital digital bank, presenting a crypto policy as compatible with the primacy of the dollar.
