In his inaugural address, President Trump pledged to make the U.S. a global leader in AI and crypto, signing an executive order to advance digital assets and innovation.
In a significant speech after becoming the 47th President of the United States, Donald Trump shared his plans to make the country a global leader in artificial intelligence (AI) and cryptocurrency.
Trump Supports Cryptocurrency
In a video posted on X (formerly Twitter), President Trump emphasized his plans at the World Economic Forum, stating that the United States will be a leader in new technologies.
He made this clearer by signing an executive order to support the growth of digital assets in the US and to look into the possibility of creating a national store.
Trump was joined by venture investor David Sacks at this important signing. Trump has chosen Sacks to oversee matters related to crypto and AI. The executive order emphasizes how important this sector is for creating new ideas and boosting the economy, and it also helps strengthen the US’s position in the world.
This change in policy follows a challenging four years with President Joe Biden. During this time, the digital asset business dealt with more government rules and checks, especially under the former SEC chair Gary Gensler.
Executive Order to Create a National Digital Asset Reserve
The executive order includes important plans, such as creating a team to think about setting up a national digital asset reserve.
This stockpile may include cryptocurrencies that have been legally seized by federal officials. The US Marshals Service has traditionally handled this and has auctioned off seized Bitcoin and other digital currencies.
Trump had promised during his campaign to keep all Bitcoin owned by the federal government, but this promise was not stated in the latest order.
The order highlights not only asset management but also the need to protect people and private companies that use blockchain technology from too much government control.
It aims to let developers and miners work freely, creating a place that encourages new ideas in the crypto world.
Since winning the election in November, Trump has worked to pick government leaders who back cryptocurrency.
Paul Atkins, a former SEC commissioner who supports friendly market policies, has been chosen to lead the Securities and Exchange Commission.
Trump has chosen Scott Bessent, a hedge fund manager who supports cryptocurrencies, to lead the Treasury Department. This shows a forward-thinking plan for digital asset policies.