Trump Vows to Sign New Crypto Bill to Counter China

President Donald Trump announced he expects to sign new cryptocurrency market structure legislation "very soon," positioning the initiative as a key move to prevent China from dominating the digital asset sector.

Speaking at the World Economic Forum, Trump confirmed that Congress is developing a new bill for crypto and Bitcoin, building on the GENIUS Act passed last year.

Securing US Leadership in Digital Assets

Trump argued that the upcoming legislation is crucial for national strategy, not just ideology. He stated the bill would "unlock new pathways for Americans to reach financial freedom" while securing U.S. leadership in the crypto space.

According to Trump, allowing China to capture emerging technology markets would make it incredibly difficult for the United States to regain its competitive footing. He also noted a shift in domestic politics, claiming that voter pushback against the Biden administration's previous stance on crypto has made the issue politically popular.

Linking Crypto Policy to Economic Growth

Trump tied the push for crypto regulation to what he described as a strong economic performance since his return to office. He presented several key economic indicators to support this claim:

• Inflation: Core inflation over the last three months was 1.6%.

• GDP Growth: The economy is projected to grow at a rate of 5.4% in the fourth quarter.

• Stock Market: U.S. markets have hit 52 all-time highs since the election, adding approximately $9 trillion to savings and retirement accounts.

• Social Programs: Over 1.2 million people have transitioned off food assistance programs.

• Investment: The administration has secured commitments for $18 trillion in new investment, with the final amount potentially reaching $20 trillion.

He contrasted these figures with the less than $1 trillion in investment commitments made during the previous four years, declaring the U.S. economy "the hottest country anywhere in the world."

Foreign Policy and NATO Alliances

In his remarks, Trump also addressed foreign policy, emphasizing that he does not plan to use military force to achieve U.S. objectives. He asserted that American strength serves as its own deterrent, negating the need for escalating conflicts.

He raised questions about the NATO alliance, expressing doubt that member nations would support the U.S. in a crisis despite America's defense commitments. Citing recent tensions over Greenland that caused minor market volatility, Trump described his approach as transactional, insisting that U.S. security guarantees must be met with reciprocal support from allies. He argued that the United States has shouldered an unfair share of the costs without certainty of equal backing in return.

US Economy as a Global Engine

Trump concluded by framing America's economic expansion as a benefit to the entire world, calling the United States the "economic engine of the planet." He noted that current growth projections have already surpassed earlier estimates from the International Monetary Fund and suggested his trade and tariff policies could accelerate that growth even further.