President Donald Trump emphasised U.S. management in cryptocurrency and synthetic intelligence as Senator Cynthia Lummis was sworn in as chair of the Senate’s new digital belongings subcommittee.
Through the 2025 World Financial Discussion board in Davos, President Donald Trump stated in a digital speech the US would lead in synthetic intelligence and cryptocurrency. In his deal with, Trump emphasised the necessity for the U.S. to dominate rising applied sciences, together with blockchain and crypto.
President Trump instructed the WEF that he desires America to be “the world capital of AI and crypto.”
He additionally urged decrease rates of interest and referred to as for a $1 trillion Saudi funding to bolster financial cooperation, signaling his administration’s deal with innovation and world partnerships.
Lummis sworn in
In the meantime, on Capitol Hill, Senator Cynthia Lummis was sworn in as the primary chair of the Senate Banking Subcommittee on Digital Property, a historic transfer reflecting the rising significance of cryptocurrencies in U.S. monetary coverage.
Lummis, a vocal advocate for Bitcoin (BTC) and blockchain know-how, pledged to advance bipartisan laws that establishes a complete regulatory framework for digital belongings.
In her assertion, Lummis highlighted the potential for digital belongings to safe America’s monetary future, calling for a strategic Bitcoin reserve to strengthen the U.S. greenback.
The brand new subcommittee will deal with passing laws selling accountable crypto innovation whereas defending shoppers and guaranteeing regulatory businesses adjust to the regulation.
The initiative aligns with Trump’s imaginative and prescient of positioning the U.S. on the forefront of digital asset adoption on the worldwide stage.