Donald Trump has restated his commitment to advancing cryptocurrency initiatives during his upcoming administration, with a focus on establishing a national crypto reserve. He emphasized the importance of positioning the United States as a leader in the crypto space, particularly in comparison to China and other countries.
Trump also highlighted the need for significant power generation to support the necessary infrastructure for these initiatives. His vision includes a coordinated effort to establish regulatory frameworks and increase market participation in the cryptocurrency sector. Trump's statements align with previous proposals for a Bitcoin reserve that could be implemented without immediate legislative approval.
Following his recent election victory, there have been notable market reactions, with Bitcoin surpassing $100,000 in early December. The former president also mentioned broader technological ambitions, such as advancements in artificial intelligence, as part of his administration's agenda.