Key Highlights
- President Trump said he expects to sign a crypto market structure bill soon to establish the U.S. as the global digital asset leader.
- The legislation is being fast-tracked to counter China’s influence in the international cryptocurrency sector.
- This move follows the passage of the 2025 Genius Act and aims to provide more regulated pathways for American citizens.
During the World Economic Forum in Davos on January 21, U.S. President Donald Trump said he hopes to sign new legislation for cryptocurrencies “very soon,” aiming to establish the United States as the global hub for digital assets.
During his address, Trump said his administration is collaborating with Congress on laws for Bitcoin and other tokens. He described the effort as necessary to prevent competitors like China from dominating the crypto industry.
Broader economic agenda
Trump framed the proposed legislation as part of his broader economic agenda, which he claims has already led to historic growth through deregulation and tax cuts during the first year of his second term.
He emphasized that support for the crypto industry stems from both domestic financial goals and global competition. Trump mentioned that to boost innovation, savings, and financing, he is working to ensure America remains the capital of cryptocurrency.
Geopolitical motivation for crypto push
Trump noted that he originally saw this move as politically beneficial. However, the threat from abroad has become the main reason for his actions.
He explained that he had two reasons for this shift, stating that he received major political backing. More importantly, he mentioned that China also wanted that market. According to Trump, the U.S. must secure its lead now because once competitors gain a stronghold, it will be difficult to reclaim it.
Shift in policy after 2024
The recent call for crypto-friendly laws marks a change from the previous administration’s more cautious stance. Trump claimed that the Biden administration was opposed to it until just before the 2024 election, when they realized many voters were angry over crypto issues.
He highlighted that his administration already took steps toward this goal, including signing the “landmark Genius Act” into law last year. Trump added that Congress is now working hard on crypto market structure laws, specifically mentioning Bitcoin, which he hopes to sign very soon.
Recent achievements and confidence
Integrating cryptocurrency into the U.S. financial system is part of a broader strategy to create new paths for Americans to achieve financial freedom. Trump linked these efforts to his administration’s success in reducing inflation and boosting domestic investment, claiming that since his inauguration, the U.S. has secured commitments for a record-breaking $18 trillion in new investment.
Trump felt confident that his administration, with people like Scott Bessent and Howard Lutnick, could tackle these issues in order to keep the American economy at the forefront of the world of innovation. He concluded with a statement that “we’re back, bigger, stronger, and better than ever.”
Also Read: Trump’s Crypto Advisor Pushes Swift Passage of Market Structure Bill
