Trump reaffirms commitment to make US the ‘world capital of crypto’ at Davos
Summary
Donald Trump announced at the World Economic Forum that the US aims to become the global leader in crypto and AI, with plans to reduce costs and boost manufacturing. This marks his first significant mention of the crypto industry since taking office. Despite initial hopes for executive orders on crypto, it was absent from his inaugural speech and regulatory priorities. However, Trump made pro-crypto appointments, including Caroline Pham as acting chair of the CFTC and Mark Uyeda as acting chair of the SEC. Uyeda established the SEC's first crypto task force, led by Commissioner Hester Peirce, to create clear regulations.
