- Trump’s national security strategy prioritizes AI and quantum computing but omits cryptocurrency entirely from core priorities.
- President previously stated opposition to China leading crypto and wanted all Bitcoin mining operations located in America.
The most recent national security strategy by the Trump administration has deliberately left out cryptocurrency and blockchain technology from the list of main priorities. The absence of these technologies seems to be at odds with the statements that President Trump had previously made regarding turning America into a leading power in the digital asset space.
The document dropped on Friday pinpointed AI and quantum computing as the core issues that shaped America’s essential national interests. According to the White House, one of the main objectives should be to make sure that American technology and standards in AI, biotech, and quantum computing are the ones that guide the world towards the next stage of global progress.
Missing From Security Priorities
Before, Trump informed CBS that he was against China turning into the number one global power in cryptocurrency and wished that the entire Bitcoin mining operations were local. In that regard, CIA Deputy Director Michael Ellis concurred with the opinion in his statement in May when he said that crypto is one of the main areas of technological competition in which China and other opponents are involved.
The strategy document names the U.S. as the financial sector leader of the world and indicates that America will maintain that lead by being first in digital finance and innovation for market security. This unclear statement might be able to cover cryptocurrency as well, but it doesn’t have any specific mentions of blockchain or digital assets in the text.
Even though the omission was there, the administration of Trump has been pushing the policies that are friendly to cryptocurrency actively for the whole year and has gone ahead with the implementation of several initiatives that were promised to the industry. The legislation on the GENIUS Act was signed into law, and the executive orders created a task force in the crypto industry and prohibited central bank digital currencies.
Under the new administration, federal agencies have refrained from taking a number of crypto enforcement actions that they had previously considered, thus creating a regulatory environment that is more favourable to digital assets. The government made a Bitcoin reserve and a crypto stockpile using the assets that were forfeited, and is at the same time looking into budget-neutral acquisition methods for the expansion.
After the document came out, Bitcoin prices dropped below $90,000 as investors reacted to the call for NATO allies to drastically increase their defence spending. According to the plan, each member country should spend 5% of its GDP on defence, which is three times the current level and may have a significant impact on inflation rates.
Investors are now focusing on the upcoming decision by the Federal Reserve regarding interest rates, with nearly 89% convinced that the rate will be lowered. When rates are lower, it is more likely that investors will take riskier positions, which could be beneficial for cryptocurrency markets that are looking for a new uptrend after a recent period of instability.
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Source: https://thenewscrypto.com/trump-security-strategy-overlooks-crypto-despite-industry-push/
