Overview
- Speaking at the America Business Forum in Miami on Nov. 5, Trump pledged U.S. leadership in crypto and said his executive orders ended a federal “war on crypto.”
- He argued digital assets “take a lot of pressure off the dollar” and reiterated opposition to a U.S. central bank digital currency in favor of private‑sector development.
- The administration highlighted a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile composed of seizure‑derived coins, with no government bitcoin purchases announced.
- Policy groundwork includes July’s GENIUS Act establishing a stablecoin framework, while broader market‑structure rules are still progressing.
- Trump warned about global competition, pointing to China’s ambitions as Hong Kong loosened crypto rules this week, and reports estimate U.S. government holdings at roughly 326,588 BTC from seizures.