#cryptonews
President Donald Trump restated his claim that he intends to make the United States a global “crypto capital” at the Future Investment Initiative Institute conference—financed by Saudi Arabia’s sovereign wealth fund—in Miami on Wednesday night.
“We want to stay at the forefront of everything, and one of them is crypto,” he continued. “Miami seems to be at the center of the action, come to think of it, and maybe it’ll stay there.”
“Bitcoin set multiple all-time record highs because everyone knows that I’m committed to making America the crypto capital,” Trump said.
Meanwhile, Bitcoin continued its plateau following its dramatic post-election rally, lingering at a little over $97,000 as of Thursday morning.
“The United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” he told audiences at the Bitcoin 2024 conference in Nashville last summer.
Trump widely campaigned on enacting crypto-friendly regulations in the lead-up to the 2024 U.S. presidential election and previously called for making the U.S. a hub for the blockchain sector as a whole.
“I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air,” he wrote at the time.
The former reality television star seems to have shifted his stance on digital assets in recent years, after declaring on X in 2019 that crypto was a scam.
From launching his family’s World Liberty Financial platform to assembling a national crypto policy group, his administration has placed digital assets at the center of its economic agenda.
Donald Trump’s approach to cryptocurrency has been anything but conventional.
Its sharp price drop fueled skepticism about its legitimacy, with critics arguing that spectacle alone cannot drive meaningful industry growth. They emphasize that a thriving crypto sector requires clear, stable regulations—not market theatrics.
Beyond U.S. borders, Trump’s shift from campaign rhetoric to tangible policy decisions could carry major global weight.
The rollout of his meme coin, TRUMP, just before his inauguration only deepened the controversy.