‘We Want to Be Dominant in Crypto,’ Trump Says as Market Rallies

• Donald Trump says the United States must become dominant in the global cryptocurrency industry.
• Bitcoin climbed to around $73,000 as the broader crypto market rallied more than 5%.
• The president also criticized banks, accusing them of trying to undermine the U.S. crypto agenda.

U.S. President Donald Trump said the United States must become dominant in the cryptocurrency sector, underscoring his administration’s support for digital assets as global competition intensifies.

“In crypto we want to be dominant,” Trump said during remarks discussing the country’s position in emerging financial technologies. “We want to be dominant in everything that we do.”

The comments come as the cryptocurrency market staged a strong rally, with Bitcoin climbing to around $73,000–$74,000, gaining roughly 6% in a single day. The broader crypto market rose more than 5% over the same period, pushing total market capitalization to roughly $2.45 trillion.

Push for Regulatory Clarity

Trump’s remarks were accompanied by renewed calls for Congress to pass the crypto market structure legislation, which would establish a clearer regulatory framework for digital assets in the United States.

The president said the U.S. must move quickly to finalize the bill, arguing that delays could allow other countries to take the lead in the fast-growing crypto sector.

“The U.S. needs to get Market Structure done, ASAP,” Trump wrote in a separate statement on Truth Social, referring to the proposed legislation.

Clash With Banking Industry

Trump also criticized major banks, accusing them of attempting to undermine the administration’s crypto agenda.

“The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda,” he said, warning that failure to support the industry could push innovation to countries such as China.

One of the disputes currently holding up legislation centers on whether stablecoins should be allowed to offer yield to users. Crypto companies support the idea, arguing it allows consumers to earn returns on their holdings, while banks warn it could draw deposits away from traditional financial institutions.

Crypto Policy Shift

Trump’s stance marks a big shift from his earlier skepticism toward digital assets. During his first presidency between 2017 and 2021, he had expressed concerns about cryptocurrencies, including Bitcoin.

However, during his 2024 campaign and since returning to office in 2025, Trump has increasingly embraced the sector, pledging to make the United States the “crypto capital of the world.”

His administration has already taken several steps directed at strengthening the country’s role in digital finance, including creating a government Strategic Bitcoin Reserve and signing the GENIUS Act, a law establishing federal rules for stablecoins.

As governments worldwide compete to shape the future of digital finance, Trump’s latest comments suggest the United States intends to remain at the forefront of the global crypto race. 

Related: U.S. Political Support for Bitcoin Grows, But Action Needed, Says Bailey