Overview
- Speaking at the America Business Forum on Nov. 5, President Trump said the United States will be “the Bitcoin superpower” and “the crypto capital of the world.”
- He said he signed executive orders reversing federal hostility to digital assets and argued crypto “takes a lot of the pressure off the dollar.”
- He framed the push as a competition with China, with coverage noting Hong Kong eased rules for licensed platforms on Nov. 4 to deepen market access.
- Reports say the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile are made up of coins from seizures and forfeitures, with no government bitcoin purchases to date.
- Congress advanced the policy backdrop with the GENIUS Act signed July 18 to establish a stablecoin framework, while agencies have not issued new timelines or directives this week.