- Trump claims the US is “winning” against China in crypto, pushing for dominance in digital assets.
- The US backs off-grid Bitcoin mining through the Investment Accelerator initiative, while China maintains a strict stance.
- Trump’s administration ramps up crypto efforts with a national reserve and pro-crypto policies as China tightens its crackdown.
The US-China trade war took a new turn with both countries agreeing to reduce their hefty tariffs. The US cut its 145% tariff on Chinese goods down to 30%, while China lowered its own from 125% to 10%. Amid this temporary truce, Trump made a bold statement, declaring that the US is “winning China in the crypto sector.” He emphasized that America should be the world’s crypto capital, pushing for dominance in digital assets.
US Bets on Bitcoin Mining – Off-Grid Strategy
In a push to boost crypto mining, US Secretary of Commerce Howard Lutnick revealed the government’s support for off-grid mining operations. Under the Investment Accelerator initiative, Bitcoin miners can build power plants fueled by waste gas, bypassing local utilities. This contrasts sharply with China’s strict stance on crypto mining, which was banned in 2021, though underground mining still persists. The US strategy highlights a clear divide between the two nations’ approaches to the crypto industry.
Crypto Leadership – Trump’s Bold Moves
Trump has positioned himself as a strong crypto advocate, with the US holding about 198,012 Bitcoin, slightly more than China’s 194,000 BTC. Through his family-backed project, World Liberty Financial, Trump has invested in Bitcoin and Ethereum. He has also appointed pro-crypto officials and issued an executive order to establish a national crypto reserve. While China cracks down on digital assets, Trump’s administration is doubling down, aiming to cement the US as a global crypto leader.
Crypto Dominance – A Strategic Play for the US
Trump’s latest push for crypto leadership isn’t just about rhetoric – it’s part of a broader strategy to position the US as a global powerhouse in digital assets. By setting up a national crypto reserve and backing projects like World Liberty Financial, Trump is laying the groundwork for a crypto-centric economy that could attract major institutional investment.
Meanwhile, with China tightening its grip on the sector, the US is seizing the opportunity to fill the void, leveraging regulatory clarity and pro-crypto policies to lure companies and investors alike.
