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Speaking at the World Economic Forum (WEF) in Davos on Wednesday, Trump highlighted the country’s ongoing efforts to structure the rapidly growing digital asset industry, signaling plans for significant regulatory legislation.
Notably, Trump’s remarks focused on positioning the U.S. as a global leader in digital assets.
“To unleash innovation and savings, we are ensuring America remains the crypto capital of the world,” he said, pointing to the Genius Act he signed last year, which laid the groundwork for broader legislation covering Bitcoin and other cryptocurrencies.
“Congress is actively working on legislation to structure the cryptocurrency market, and I hope to sign it into law very soon,” he added.
 
The president further emphasized that his administration’s push for crypto legislation is both a strategic and economic priority, noting the competition with China for dominance in emerging financial technologies. Trump framed the effort as critical not only for domestic innovation but also to prevent foreign powers from controlling major aspects of the global crypto market.
At the same forum, Treasury Secretary Scott Bessent also offered additional context, stating that authorities aim to create “the best possible digital asset regulatory regime to encourage innovation.”
Bessent noted that establishing a comprehensive framework requires collaboration across agencies and industry stakeholders. Among other measures, officials confirmed plans to create a national crypto reserve funded in part by previously seized assets. The government has also paused the sale of confiscated Bitcoin, signaling a long-term strategic approach to digital holdings.
White House AI and crypto chief David Sachs further highlighted that American banks would fully participate in the crypto sector once the Genius Act and subsequent legislation are finalized.
“We are working toward a compromise that allows the market structure bill to be submitted for presidential consideration,” Sachs said, reinforcing the administration’s pro-crypto stance.
The president’s statements received strong support from leading industry figures. Ripple CEO Brad Garlinghouse called the legislative push a step toward clarity in an otherwise opaque market.
“No piece of legislation has ever been perfect by everyone’s standards. What we need is a clear framework allowing innovation to flourish,” he tweeted.
Elsewhere, Patrick Witt, Executive Director at the President’s Council of Advisors for Digital Assets, echoed this view, noting that comprehensive regulation is inevitable and necessary to prevent future market crises.
That said, while the Genius Act set the stage for broader crypto adoption, the bipartisan CLARITY Act is the next key step in securing U.S. leadership in digital assets. If passed, the bill would create a clear regulatory framework to boost transparency, protect investors, and curb market manipulation.
All eyes now remain on Washington, with both lawmakers and industry leaders emphasizing that timely, clear regulation is key to unlocking trillions in market potential while keeping the U.S. ahead in the global crypto race.