Trump's national security strategy document did not mention cryptocurrency and blockchain.

CN
3 days ago

According to the latest national security strategy released by the government on Friday, despite the increasing ties between the industry and the financial system and President Trump's claims of intensified competition from overseas, the document does not mention cryptocurrencies or blockchain.

Trump's national security strategy outlines the priorities of his administration and was released on Friday. Instead, the document states that America's "core, vital national interests" revolve around artificial intelligence and quantum computing.

The government stated, "We want to ensure that American technology and American standards—especially in artificial intelligence, biotechnology, and quantum computing—drive the world forward."

In an interview on CBS's 60 Minutes last month, Trump expressed that he does not want "China to become number one in the world in cryptocurrency," and he previously stated that he hopes all Bitcoin mining occurs in the United States.

According to CIA Deputy Director Michael Ellis in May, cryptocurrencies are "another area of technological competition where we need to ensure that the U.S. is in a favorable position against China and other adversaries."

However, the document does indicate that Trump hopes to maintain and expand "America's dominance in the financial sector" by leveraging U.S. "leadership" in "digital finance and innovation" to ensure market liquidity and security, which may hint at cryptocurrencies.

This year, the government has supported cryptocurrencies, advancing a series of promised policies to encourage more financial institutions to adopt the technology.

Trump facilitated the passage of the GENIUS Act, which regulates stablecoins, signed an executive order to establish a cryptocurrency working group, banned central bank digital currencies, and oversaw federal agencies abandoning many law enforcement actions related to cryptocurrencies.

The government has also established Bitcoin reserves and cryptocurrency inventories, consisting of confiscated digital assets, while exploring ways to acquire more in a "budget-neutral" manner.

Over the weekend, as the market digested the contents of the document, the trading price of Bitcoin fell below $90,000. The document calls for U.S. allies to "contribute more" in defense.

The document demands NATO countries increase spending to 5% of GDP, up from the current 2%, which means increased government borrowing, driving up inflation, making it harder for central banks to lower interest rates.

This week, the Federal Reserve's interest rate decision is dominating the cryptocurrency market, with many hoping for a rate cut, as historically, rate cuts encourage investors to take on higher-risk bets.

The market expects the Federal Reserve to cut rates at the meetings on Tuesday and Wednesday, with CME's FedWatch showing nearly 88.5% betting on a 25 basis point cut.

Related: Reports indicate that South Korea will impose bank-level responsibilities on cryptocurrency exchanges.

Original: “Trump's National Security Strategy Document Does Not Mention Cryptocurrencies and Blockchain”

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink