U.S. President Donald Trump reiterated his "America-first" stance regarding cryptocurrency.
Speaking via livestream at the World Economic Forum in Davos, Trump touted his administration's early initiatives and said the U.S. will become "the world capital of artificial intelligence and crypto."
Last August, Trump said in a post on X he would help "ensure that the United States will be the crypto capital of the planet" while teasing his soon-to-come crypto project. That project would ultimately become World Liberty Financial, a DeFi protocol that counts Trump as its "chief crypto advocate."
Just three days before Trump was inaugurated as the 47th president of the U.S., he launched Official Trump, a memecoin that currently has an $8 billion market cap according to The Block's TRUMP price data. So far, his only public mention of the TRUMP token came during a White House briefing with AI leaders.
"I don't know much about it other than I launched it," Trump said. "I heard it was very successful. I haven't checked."
Earlier Thursday, the price of bitcoin briefly popped to $106,000 after Sen. Cynthia Lummis teased an upcoming announcement, although that news ended up being something already known — the U.S. Senate Banking Committee voted to have crypto-friendly Lummis lead its newly created digital asset subcommittee.
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