US President Donald Trump said on Aug. 20 that the United States has "completely ended the war on the crypto industry," speaking at a White House meeting with leaders from the technology and innovation sectors. He said the crypto market is expanding quickly and described the industry as strong and growing, adding that "no one can stop it." Trump also said China wants to enter the crypto sector and take the lead, but has not succeeded so far. The remarks align with his earlier statements that the US should remain globally ahead in Bitcoin, cryptocurrencies, and artificial intelligence. The report also noted that at a recent White House crypto industry meeting, Trump urged Congress to pass the Clarity Act to create clearer rules for digital asset markets and said US policy should help keep crypto companies operating domestically.
US President Donald Trump said on Aug. 20 that the United States has "completely ended the war on the crypto industry" during a meeting at the White House with leaders from the technology and innovation sectors, according to BlockBeats.
Trump said the crypto market is expanding quickly. "The crypto industry is booming, it is doing very strongly, and no one can stop it," he said.
He also said China wants to enter the crypto sector and take the lead, but has not succeeded so far.
Trump repeats call for US leadership in emerging technologies
The report said Trump has previously stressed on multiple occasions that the United States needs to maintain global leadership in emerging technologies including Bitcoin, cryptocurrencies, and artificial intelligence. He has also pushed for a clearer regulatory framework for digital assets.
White House meeting included support for the Clarity Act
At a recent White House crypto industry meeting, Trump also urged Congress to pass the Clarity Act to establish clearer rules for the digital asset market. He said US policy needs to support crypto companies so they remain and develop in the country.
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