US President Donald Trump took office earlier this year, thanks at least part of his 2024 election victory to voters who heeded campaign promises about a crypto-friendly administration.
So far, the Trump administration has indeed taken decisive pro-crypto steps, including signing an executive order rescinding Biden-era policies, establishing a Presidential Working Group on Digital Asset Markets, and banning US CBDCs. The administration also helped advance the Genius Act – the first major federal crypto law for stablecoin regulation and dropped several enforcement cases involving crypto firms.
Trump also established a strategic bitcoin reserve, although he disappointed some by deciding that the reserve would be funded from seized bitcoins rather than fresh purchases.
What have you done for me lately?
However, Trump’s latest national security strategy made no mention of digital assets and blockchain technology. Instead, artificial intelligence, biotech, and quantum computing have been highlighted as keys to US technological leadership.
“We want to ensure that American technology and American standards – especially in AI, biotech and quantum computing – lead the world forward,” the national security strategy statement released Friday said.
The omission could mean that President Trump and the US establishment as a whole are reluctant to view crypto as something beyond another financial asset that could give the US a strategic edge.
Read: Trump’s security strategy: impact on Bitcoin, gold, bond yields