Basri Caneri 
US President Donald Trump has promised to make the US the center of the crypto world, claiming that the Joe Biden administration has ended the war against Bitcoin and cryptocurrencies.
New Decrees from Trump for Crypto and Artificial Intelligence
Trump announced that he has signed a series of presidential decrees to protect the US leadership in artificial intelligence and crypto innovation. Speaking at the FII PRIORITY Summit in Miami, Trump said:
“I’ve signed executive orders to keep the US at the forefront of AI and crypto innovation. We’ve completely ended Biden’s war on Bitcoin and crypto. That war is over.”
Trump has sharply criticized the Biden administration’s regulatory crackdown on the crypto sector, suggesting that many of the lawsuits filed by the US Securities and Exchange Commission (SEC) against the crypto sector are politically motivated.
Trump’s Influence on Crypto Regulations
Trump stated that most of the SEC’s lawsuits against crypto companies were dropped before the elections, claiming that he was effective in this process.
“Many crypto-related cases were dropped right before the elections. Because these indictments were purely politically motivated.”
Trump also argued that his support for crypto contributed to Bitcoin prices reaching record highs.
“Bitcoin has reached all-time highs many times. Because everyone knows I’m committed to making the US a crypto hub.”
Promising to Make the US the Leader of the Crypto Industry
Trump stated that he aims to make the US a global leader in sectors such as crypto and artificial intelligence:
“I don’t do anything for political reasons, I do the right thing. We want to be at the forefront in every industry.”
Trump’s statements are being closely watched by investors and industry leaders who want crypto-friendly regulations. The prospect of the US loosening crypto regulations and introducing a more innovative framework could have a positive impact on the markets.
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