Donald Trump, the incoming President of the United States, is planning big agendas to position the country as a leader in the cryptocurrency world.
During an interview with CNBC’s Jim Cramer at the New York Stock Exchange, Trump spoke about his vision for digital currencies.
He pointed out the progress other nations, like China, are making with digital assets and stressed that the US cannot afford to fall behind.
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In the interview with Cramer, he stated:
We’re gonna do something great with crypto. We don’t want China, or anybody else – others are embracing it, and we want to be the head.
One of Trump’s plans is the creation of a national Bitcoin
$100,047.27
reserve. He promoted this idea during his campaign, which aims to put the US ahead in the cryptocurrency space.
Trump also discussed the need to upgrade the country’s crypto infrastructure, citing the critical role of expanding energy resources in supporting blockchain technology.
He also mentioned that Environmental Protection Agency nominee Lee Zeldin is expected to be in charge of clearing environmental hurdles.
Jim Cramer, the host of CNBC’s “Mad Money”, is known for the perceived inaccuracy of his stock market analyses. His assertive recommendations and high-profile presence have made him a frequent subject of internet memes.
Trump’s plans for crypto leadership are already taking shape with key appointments to drive his vision forward. On December 6, he made headlines by selecting David Sacks as his “Crypto Czar”. What could this mean for the US crypto policy? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
