President Donald Trump said in a Jan. 23 speech at the World Economic Forum in Davos that the US will become the world capital of crypto and AI.
Trump said his administration would reduce costs across the board for “virtually all goods and services,” which would also make the US a manufacturing superpower — directly boosting both industries.
This is the first time Trump has addressed the crypto industry since taking office, aside from briefly mentioning his memecoin, the Official Trump (TRUMP) token. The launch prompted the filing of spot exchange-traded funds (ETFs) indexed to memecoins, including one tied to the TRUMP token.
Advancements without mentions
Crypto industry players in the US hoped that Trump would sign executive orders on day one addressing the sector.
However, crypto was totally omitted from the President’s inaugural speech and the letter outlining the White House’s regulatory priorities.
Nevertheless, on his first day in office, Trump made pro-crypto nominations. First, he appointed Caroline Pham as acting chair of the Commodity Futures Trading Commission (CFTC).
Pham advocates for clear rules for the crypto industry in the US and suggested creating a regulatory sandbox for tokenization companies in 2023. She argues that this effort would boost market liquidity, security, and competitiveness.
The President also nominated pro-crypto Commissioner Mark Uyeda as acting chair of the US Securities and Exchange Commission (SEC) until Paul Atkins, the permanent chair, takes office in June 2026.
Following his nomination, Uyeda created the regulator’s first crypto task force to establish clear rules and avoid regulation through enforcement. The group will be led by Hester Peirce, another pro-crypto Commissioner known as “Crypto Mom.”
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