President Donald Trump emphasized America's leadership in cryptocurrency and artificial intelligence after Sen. Cynthia Lummis became chair of the new Senate Digital Assets Subcommittee.
During the 2025 World Economic Forum in Davos, President Donald Trump said in a virtual speech that the United States will take the lead in artificial intelligence and cryptocurrencies. In his speech, President Trump emphasized the need for the United States to dominate emerging technologies such as blockchain and cryptocurrencies.
President Trump told the WEF that he wants the United States to become the “world capital of AI and cryptocurrencies.”
He also urged lower interest rates and called for $1 trillion in Saudi investment to strengthen economic cooperation, signaling his administration's focus on innovation and global partnerships.
Lumis takes oath
Meanwhile, on Capitol Hill, Sen. Cynthia Lummis was sworn in as the first chair of the Senate Banking Subcommittee on Digital Assets, a historic move that reflects the growing importance of cryptocurrencies in U.S. monetary policy. It's movement.
Lummis, a vocal supporter of Bitcoin (BTC) and blockchain technology, has pledged to push for bipartisan legislation that would establish a comprehensive regulatory framework for digital assets.
In a statement, Lummis highlighted the potential of digital assets to secure America's financial future and called for strategic Bitcoin reserves to strengthen the U.S. dollar.
The new subcommittee will focus on passing legislation that fosters responsible crypto innovation while protecting consumers and ensuring regulators comply with the law.
This initiative is consistent with President Trump's vision to put the United States at the forefront of digital asset adoption on the world stage.
