Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Trump Wants China to Stay Out of the Crypto Space
By: crypto news|2025/05/05 13:30:01
0
Share
Donald Trump has once again shown his support for cryptocurrencies, positioning it as a key part of a broader strategy to prevent China from dominating emerging technologies.He indicated that he sees crypto as a critical area to maintain American dominance and prevent China from gaining control.“I’m a big fan of crypto because I want to keep it away from China,” Trump said on Sunday evening, addressing the issue while returning to the White House from Palm Beach, Florida. His comments come amid a rising tide of competition between the US and China, particularly in the fields of artificial intelligence, blockchain and other technological advancements. JUST IN: President Trump says, "I want crypto. Crypto is important because if we don't do it, China will." pic.twitter.com/oO2kPjjicy— Bitcoin Magazine (@BitcoinMagazine) May 4, 2025Trump Speaks Out Against China’s Potential Control of CryptoTrump added that crypto is “a whole new thing that started, you know not so long ago,” further showing the sector’s rapid rise. He expressed concern that China’s growing influence in technology could extend into cryptocurrency unless the US actively counters this trend. “I’m very much in favor of crypto because otherwise China is going to take it over,” he warned.Trump’s SEC Task Force Aims to Ease Crypto RegulationsIn January, under Trump’s leadership, the SEC created a crypto task force aimed at reducing regulatory barriers for the industry. This move was part of a broader effort to foster growth and innovation within the sector. Additionally, Trump appointed former PayPal COO David Sacks as the AI & Crypto Czar, a key role focused on developing a clear and comprehensive regulatory framework, something that the crypto industry has long been advocating for. China’s interest in cryptocurrency, particularly its state-backed digital yuan, has spurred concern in Washington. Experts argue that Beijing’s growing efforts in digital currency could potentially give China unprecedented control over global financial systems. As such, Trump’s endorsement of cryptocurrency has become a symbol of resistance against China’s ambitions.Trump’s remarks also reflect a broader concern about Chinese dominance in industries critical to global economies. He has often criticized China for its aggressive strategies in fields like artificial intelligence, 5G, and now, cryptocurrency. The post Trump Wants China to Stay Out of the Crypto Space appeared first on Cryptonews.
You may also like
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed
a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.
a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.
2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?
Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?
Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic
Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.
Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market
Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?
Can technological advancement be guided, or has it already gone beyond our control?
Insider Trading Alert! Will Trump Call a Truce by End of April?
Multiple Accounts Accurately Predict War, Earn $1.8 Million
After establishing itself as the top tokenized stock, does Ondo have any new highlights?
The total market capitalization of the global stock market is about $150 trillion, while the tokenized stocks market is currently only $10 billion in size, making it akin to a nascent super market that has just cracked the door open.
BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore
Discussing topics such as governance standards, compliance frameworks, and operational infrastructure within the context of the institutionalization process
OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
In the US, using OpenClaw may get you fired; in China, not using it may get you fired
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed
App