Donald Trump hinted at plans for a cryptocurrency reserve during remarks to Jim Cramer at the New York Stock Exchange. He aims to place the United States ahead of other nations, with China as a reference point. Trump stated that large power generation would be required to support the related infrastructure and mentioned Lee Zeldin as the individual in charge of environmental approvals.

He said, “We’re going to do something great with crypto because we don’t want China or anybody else, and not just China, but others are embracing it. And we want to be the head.”

Trump’s statements align with previous policy outlines and proposals for a national Bitcoin reserve that may not need immediate legislative consent.

Following his recent election win, the market responded positively, including Bitcoin reaching $100,000 in early December. Trump also touched upon broader technology ambitions, such as artificial intelligence. The proposed approach indicates a coordinated effort to fulfill industry requirements, establish regulatory frameworks, and explore ways to increase market participation.

Despite concerns that Bitcoin and crypto might be deemphasized under Trump’s administration, his commitment to crypto advancement persists.

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