US Tries to Catch Up to China's Digital Coin Dominance

Friday 21st of March 2025 15:43:59

Trump's Race to US Bitcoin Superpower: Who's in the Running?

In a surprise move, President Donald Trump has launched a bid to make the United States the global leader in bitcoin and cryptocurrency technology. The initiative, dubbed "US Bitcoin Superpower," aims to position America as the go-to destination for cryptocurrency innovation, investment, and adoption.

According to sources close to the White House, a team of experts has been assembled to develop a comprehensive strategy for achieving this goal. The team includes representatives from the Departments of Commerce, Treasury, and State, as well as top officials from the Federal Reserve and the Securities and Exchange Commission (SEC).

Among the key players in Trump's race to US Bitcoin Superpower are:

  • Gary Cohn, former Director of the National Economic Council, who has been tapped to lead the initiative.
  • Peter Thiel, co-founder of PayPal and early investor in Facebook, who has been named a special advisor to the project.
  • Chris Larsen, co-founder of Ripple, who has been tasked with developing partnerships with major financial institutions and corporations.
  • Brian Brooks, General Counsel of Coinbase, who has been appointed to oversee regulatory efforts and ensure compliance with existing laws and regulations.

The US Bitcoin Superpower initiative has already sparked intense interest among major players in the cryptocurrency space. Coinbase, the largest cryptocurrency exchange in the US, has announced plans to expand its operations and hire more staff in response to the initiative.

Other notable players in the race to US Bitcoin Superpower include:

  • The Chamber of Digital Commerce, a leading advocacy group for the blockchain and cryptocurrency industry, which has pledged its support for the initiative.
  • The Blockchain Association, a trade group representing the interests of blockchain and cryptocurrency companies, which has also thrown its weight behind the project.
  • The Digital Chamber of Commerce, a business advocacy group focused on digital innovation, which has announced plans to launch a new cryptocurrency-focused division.

As the US Bitcoin Superpower initiative gains momentum, it remains to be seen how it will impact the global cryptocurrency landscape. One thing is certain, however: the stakes have never been higher for the US to assert its dominance in the rapidly evolving world of digital currencies.