US President Donald Trump took office earlier this year, and at least part of his 2024 election victory was due to voters taking campaign promises about a cryptocurrency-friendly administration seriously.
The Trump administration has so far taken decisive steps in favor of cryptocurrencies, including signing an executive order rescinding Biden-era policies, establishing the President’s Task Force on Digital Asset Markets, and banning a CBDC in the US. The administration also helped push the GENIUS Act, the first major federal cryptocurrency law for the regulation of stablecoins, and dropped several enforcement cases tied to cryptocurrency companies.
Trump also established a strategic reserve of bitcoins, although he disappointed some by deciding that the reserve will be funded by seized bitcoins, rather than new purchases.
What have you done for me lately?
However, digital assets and blockchain technology received no mention in Trump’s latest national security strategy. Instead, artificial intelligence, biotechnology and quantum computing stand out as keys to America’s technological leadership.
“We want to ensure that American technology and standards, particularly in artificial intelligence, biotechnology and quantum computing, move the world forward,” says the national security strategy statement released Friday.
The omission could mean that President Trump and the US establishment as a whole remain reluctant to view cryptocurrencies as anything more than just another financial asset, rather than something that could give the United States a strategic advantage.
Read: Trump’s Security Strategy: Impact on Bitcoin, Gold and Bond Yields
