Trump Attributes Bitcoin Highs to His Policies

US President Donald Trump has reiterated his intention to make the country a global leader in the cryptocurrency sector. He shared this ambition at the Future Investment Initiative Institute conference in Miami, as reported by The Block.

“Bitcoin has set new records because everyone knows I am striving to make America the crypto capital,” Trump emphasized.

At the time of his speech, the price of the leading cryptocurrency stood at $96,700. The ATH was recorded on January 20 at $108,786, according to CoinGecko.

Trump also criticized the US Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. According to the president, the previous policies of the agency were hostile to the industry. He stressed that “the war on Bitcoin and cryptocurrencies is now over.”

Since taking office, Trump has taken several steps to support the industry. Notably, he nominated Paul Atkins as chairman of the SEC. 

The president also issued an order titled “Strengthening United States Leadership in Digital Financial Technologies.” It includes a ban on all forms of development and promotion of central bank digital currency (CBDC).

Meanwhile, on February 20, a company associated with the Trump family, World Liberty Financial (WLFI), spent $125,000 to purchase 547,990 SEI through CoW Protocol (according to Arkham Research).

Back on January 18, Trump launched the meme coin TRUMP on the Solana blockchain. On January 19, US First Lady Melania Trump followed her husband’s example and released MELANIA.