At the two-day America Business Forum in Miami, President Donald J. Trump delivered a speech that could significantly shape the direction of U.S. crypto policy. Presenting himself as a supporter of innovation after his return to office, Trump called cryptocurrencies a “vital industry” and declared his ambition to turn the U.S. into a global crypto powerhouse.

“We are here to support this crucial industry,” Trump said, adding that his administration had ended the “war on crypto.” “I signed historic executive orders that stopped the federal government’s attacks on cryptocurrencies,” he stated.

Crypto as a boost for the dollar

Trump framed his remarks within a broader economic strategy, claiming that digital assets can benefit the traditional U.S. currency. “Crypto takes pressure off the dollar. It does a lot of good things — and we’re all in,” he said, noting that the sector is already well-established and backed by major business leaders.

Goal: global hub for crypto and AI

Trump emphasized that the United States must lead not only in crypto, but also in artificial intelligence. “We’re making the U.S. a Bitcoin superpower, the global capital of crypto,” he declared, adding that America should also be “the undisputed leader in artificial intelligence.”

However, the president warned that the U.S. faces growing competition, particularly from China: “Remember, if we don’t do it right, China will. They’re starting, and they want to do it. Other countries want it too. It’s a big industry,” he cautioned.

Concrete steps still missing

While Trump’s speech sounded like a crypto-optimist manifesto, it contained no new specific plans or timelines. The White House has, however, taken several steps in recent months that align with this vision.

A Strategic Bitcoin Reserve and a U.S. Digital Assets Fund have been established to manage cryptocurrencies seized during federal investigations. So far, the government has not made any Bitcoin purchases on the open market.

Trump also signed the GENIUS Act, creating a framework for stablecoins — cryptocurrencies pegged to traditional currencies like the dollar. In contrast, he firmly rejected the idea of a central bank digital currency (CBDC), describing his crypto policy as consistent with “dollar dominance.”

Sources:

https://www.youtube.com/watch?v=6xVpv3kfvv8&pp=ygUcdHJ1bXAgYW1lcmljYSBidXNpbmVzcyBmb3J1bQ%3D%3D

https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-signs-genius-act-into-law/

https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/