President Donald Trump credited his administration for fostering a powerful US crypto industry, arguing that without his leadership, China might have dominated the sector

Quotes that support claims

If the U.S. didn't have crypto, "China would," the president said

If the US had not embraced the crypto sector, China or another global competitor likely would have filled the void.

argued that US leadership in digital assets blocks China from dominating the sector

According to Trump, if the US had not embraced the crypto sector, China or another global competitor likely would have filled the void. He argued that under his leadership, America had dominated the space, helping to build a “very powerful industry.

arguing that he built a crypto industry in America that China would have seized upon if not for his leadership