Trump backs US leadership in crypto at Davos, Lummis chairs new Senate crypto panel
President Donald Trump highlighted U.S. leadership on cryptocurrency and artificial intelligence as Sen. Cynthia Lummis was sworn in as chairwoman of the new Senate Digital Assets Subcommittee.
At the World Economic Forum 2025 in Davos, President Donald Trump said in a virtual speech that the United States will lead in artificial intelligence and cryptocurrency. In his speech, Trump emphasized the need for the United States to dominate emerging technologies, including blockchain and crypto.
President Trump told the WEF that he wants America to be “the AI and crypto capital of the world.”
He also advocated lowering interest rates and called for a $1 trillion Saudi investment to strengthen economic cooperation, signaling his administration’s emphasis on innovation and global partnerships.
Lummis took the oath
Meanwhile, on Capitol Hill, Senator Cynthia Lummis took an oath as the first chairman of the Senate Banking Subcommittee on Digital Assets, a landmark decision reflecting the growing importance of cryptocurrencies in U.S. financial policy.
Lummis, a vocal advocate for Bitcoin (BTC) and blockchain technology, are committed to advancing bipartisan legislation that establishes a comprehensive regulatory framework for digital assets.
In his statement, Lummis highlighted the potential of digital assets to secure America’s financial future, calling for a strategic reserve of Bitcoin to strengthen the American dollar.
The new subcommittee will focus on passing legislation promoting responsible crypto innovation while protecting consumers and ensure regulatory agencies respect the law.
The initiative aligns with Trump’s vision to position the United States at the forefront of digital asset adoption on the global stage.
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