Trump's National Security Strategy Overlooks The Impact Of Bitcoin And Blockchain Technology

Earlier this year, Donald Trump assumed the presidency of the United States, securing part of his 2024 election success by appealing to voters who valued his promises of a crypto-friendly government.

Under Trump’s leadership, several significant pro-cryptocurrency measures have been implemented. These include reversing policies from the Biden administration through an executive order, creating the President’s Working Group on Digital Asset Markets, and banning a U.S. Central Bank Digital Currency (CBDC). Additionally, his administration played a pivotal role in advancing the GENIUS Act—the first comprehensive federal legislation aimed at regulating stablecoins—and dismissed multiple enforcement actions against cryptocurrency companies.

Trump also initiated a strategic reserve for bitcoin; however, some supporters were disappointed when it was revealed that this reserve would be funded using confiscated bitcoins rather than acquiring new ones.

What Have You Done for Me Recently?

Despite these efforts, digital currencies and blockchain technology were notably absent from Trump’s most recent national security strategy. Instead, priorities were placed on artificial intelligence (AI), biotechnology, and quantum computing as essential areas for maintaining U.S. technological dominance.

The national security strategy document released last Friday emphasized: “Our goal is to ensure that American technology and standards—especially in AI, biotech,& quantum computing—lead global innovation.”

This exclusion suggests that both President Trump and broader U.S. policymakers may still view cryptocurrencies primarily as financial instruments rather than potential strategic assets capable of providing America with competitive advantages on the world stage.

See also: The Effects of Trump's Security Strategy on Bitcoin,& Gold,& Bond Yields

Leave a Reply

Your email address will not be published. Required fields are marked *