Skip to main content

Crypto Cold War? Trump Says US Is Beating China In Digital Assets

United States President Donald Trump has painted a picture of the United States pulling ahead of China in the battle for crypto dominance. He made the claim in a recent social media post, asserting that the US dominating China in the crypto race. At the same time, both nations have dialed back the steep tariffs they piled on each other just weeks ago.

Trade Tensions Ease

According to official trade data, the United States slapped a 145% levy on certain Chinese imports in early April 2025. China hit back with a 125% tariff on US goods. Those rates have now fallen—America’s additional duty is capped at 30%, and China’s surcharge sits at 10%.

Crypto Rivalry Highlighted

Based on reports of a tweet from financial market reporter Walter Bloomberg, Trump said, “We are leading China in crypto.”

He framed it as a contest for who leads the world in digital coins. Short and sweet, the comment casts Washington and Beijing as opponents in a high‑stakes race.

Mining Support Plans

According to a statement attributed to US Commerce insiders, the administration has rolled out an “Investment Accelerator” for Bitcoin miners. It would back off‑grid power plants fueled by waste gas.

Those plants could be built next to mining sites, cutting out reliance on local utilities. The idea promises cleaner energy use and lower electricity costs for data centers crunching numbers to secure the Bitcoin network.

Regulation And Holdings

China still bans crypto payments and investments. American regulators, by contrast, are said to be working on clear rules to help the industry grow here. Based on reports from the president’s own circle, Trump has even invested in Bitcoin and Ethereum through a family‑backed venture. His son Eric Trump reportedly confirmed that the president holds a sizable amount of Bitcoin.

Seized Coins And Strategic Goals

US law‑enforcement agencies hold roughly 198,000 BTC earned from civil and criminal cases. China’s on‑chain wallets still contain about 194,000 BTC despite the country’s strict ban on mining and trading. Those seized coins don’t fund policy, but they do underscore how much digital gold has passed through US courts.

Observers say Trump’s comments come just as crypto firms look for stable ground. The tariff rollback offers relief for importers. Clearer crypto rules could bring fresh investment.

Whether America truly “wins” the race depends on if regulators can balance investor protections with room to innovate. For now, the White House is betting that friendly policies and big‑scale mining projects will keep the country in the lead.

Featured image from Pacific Forum, chart from TradingView



from Bitcoinist.com https://ift.tt/Isv7aHC
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...
Post a Comment
Read more

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....
Post a Comment
Read more

OpenSea Dodges A Bullet As SEC Drops Investigation—Details

In a move that many in the crypto industry view as a positive signal, the US Securities and Exchange Commission (SEC) has officially discontinued its investigation into OpenSea, the leading NFT marketplace. This decision concludes months of uncertainty regarding the regulatory status of NFTs and their classification under US securities laws. SEC Decision Signals A Shift On February 21, 2025, Devin Finzer, the CEO and co-founder of OpenSea, said the SEC will not take any enforcement action against the firm. This comes following the August 2024 Wells Notice to OpenSea issued by the SEC, which indicated the possibility of legal action on alleged unregistered securities offenses. The outcome of this case suggests a possible shift in the way authorities handle NFTs, therefore affecting the whole scene of digital assets. For the industry, this outcome has been seen as a major turning point. Though they are in rivalry with OpenSea, Chris Akhavan, the Chief Business Officer of Magic Eden,...
Post a Comment
Read more