Trump characterised his administration’s crypto policies as preemptive protection against foreign dominance in digital finance, especially China

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If the US had not embraced the crypto sector, China or another global competitor likely would have filled the void.
What I did do there is build an industry that’s very important. And you know, if we didn’t have it, China would
argued that US leadership in digital assets blocks China from dominating the sector
He said that US dominance of the sector matters more than personal finance and insisted that his involvement did not hinder congressional negotiations.