If there’s one domain that President Donald Trump has revamped currently under his reign, it has to be the cryptocurrency market. The market came into existence years ago but was often ignored by other regimes, primarily due to a lack of understanding and cooperation that the domain was in desperate need of. Trump, like a warrior, swooped in, charged the market through fiery yet strategic crypto antics, and helped the market shine its brightest among other domains. While Trump’s agenda was mainly to bolster the US economy, he wants cryptocurrency to be a lucrative and significant part of it, but his obsession with cryptocurrency stems from another fact discussed below.

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Why Is Trump Obsessed About The Cryptocurrency Market?

Source: CryptoRank

Donald Trump has always shown a keen and steadfast stance towards the cryptocurrency domain. During his presidential campaigns, Trump was documented promoting cryptocurrency and Bitcoin on all leading channels, making promises, including how he would help make America a leading crypto hub. Upon his arrival as the official president of the United States, his key decisions were marred by cryptocurrency hues, including launching a Bitcoin reserve as well as crypto reserves with XRP, ADA, and SOL.

If that was not it. Trump also introduced a new, revamped US SEC regimen, deploying Mark Uyeda as its leading chair. Under Uyeda’s leadership, the US SEC eased legal scrutiny on several crypto firms. This development allows them to operate freely across the space. Now that Paul Atkins has replaced Uyeda, the SEC has confirmed a new task force meeting on May 12. The agenda of the meeting may include discussions related to key real-world asset (RWA) proceedings.

However, Trump recently shared the real reason why he adores cryptocurrency. He said that the cryptocurrency domain is significant for him. He further shared that he does not want to see China leveraging the crypto momentum.

“JUST IN: US President Trump says, “I want crypto. Crypto is important because if we don’t do it, China’s going to.”

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The President’s Crypto Plans: What’s Next?

Donald Trump is actively leveraging cryptocurrency to raise millions in a new development. The President of the United States is hosting two dinners. He hosted the first event on Monday, May 5, and will host the second on May 22, 2025. People who already hold sizable amounts of TRUMP cryptocurrency tokens can attend this dinner.

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  • bitcoin
  • cryptocurrency
  • Donald Trump