Donald Trump declared, “We’re going to do something great with crypto,” after opening the NYSE, emphasizing U.S. leadership to outpace China and other countries in digital assets.

Cryptocurrency Leadership: Trump’s Pro-Bitcoin Stance Sparks Market Optimism

President-elect Donald Trump commenced Thursday’s trading session at the New York Stock Exchange by ringing the opening bell, signaling his focus on economic initiatives. Following the event, CNBC Mad Money host Jim Cramer interviewed Trump, addressing his strategic plans to bolster the American economy.

Cramer highlighted the Trump administration’s shift toward embracing cryptocurrency compared to the previous one and questioned whether a concept similar to the Strategic Petroleum Reserve could apply to crypto. Trump replied:

Yeah, I think so, we’re going to do something great with crypto because we don’t want China or anybody else – not just China, but others are embracing it and we want to be the head.

He further articulated his vision: “We’re going to be ahead of AI, we’re going to be way ahead of AI, and we’ve got to produce tremendous amounts of electricity.”

Financial markets have responded strongly to Trump’s positioning on cryptocurrency, with bitcoin recently surpassing the $100,000 threshold—a milestone driven by market optimism surrounding his pro-digital asset policies. Key among these policies is the establishment of a strategic bitcoin reserve, leveraging approximately 200,000 BTC currently held by the U.S. government through prior forfeitures and seizures. This initiative aims to cement the U.S. leadership in the global cryptocurrency landscape.

Trump’s recent nomination of Paul Atkins to chair the Securities and Exchange Commission (SEC) signals a potential paradigm shift in regulatory oversight. Atkins, a former SEC commissioner with a track record of advocating for lighter-touch regulation, is expected to bring a more accommodative approach to the cryptocurrency and fintech industries.