Donald Trump Reiterates US Bitcoin Dominance, Hosting High-Profile Crypto Dinner

Donald Trump reiterated his stance on crypto dominance, emphasizing that the United States leads in Bitcoin and digital assets.

Donald Trump is rolling up his sleeves and preparing for a high-profile crypto dinner in Loudon County, Virginia, later this year. The event will see the president host the top 220 holders of the TRUMP meme coin, in an engagement that could have lasting implications for US crypto policy.

The dinner, set for November 18, is unfolding as Trump continues to assert US dominance in Bitcoin. In a recent post, Trump highlighted that the US government currently holds 198,012 BTC, surpassing China’s 190,000 BTC stash. These assets were obtained through past law enforcement seizures and remain under federal control.

However, Trump proposes a new plan to place these assets into a Strategic Bitcoin Reserve, ensuring they stay within the US economy. Criticizing prior administrations for selling seized BTC, Trump noted that the coins should serve national interests instead.

“Last year, the Biden administration sold 12 BTC for a measly $250,000 to pay for some useless government program. Instead, we could have used these coins to stabilize the dollar or provide aid to a nation in need,” Trump stated.

With this reserve, Trump aims to stabilize US influence in the crypto space for years to come. He believes the Bitcoin reserve can serve as a strategic digital asset, helping bolster the nation’s crypto infrastructure.

The crypto dinner, therefore, symbolizes more than celebration, it supports a vision of permanent US crypto leadership. Trump also used this opportunity to reassert the US lead over China in digital currencies.

“Despite what the biased media says, the U.S. is LEADING in Bitcoin and digital assets. We have 198,012 BTC, compared to China’s 190,000 BTC. But they’re not focused on the big picture,” Trump added.

TRUMP Meme Coin Gains Spotlight at Presidential Dinner

The upcoming dinner will host the top 220 TRUMP coin holders, including industry figures such as TRON founder Justin SUN, in an engagement that could have lasting implications for US crypto policy.

Trump has positioned the TRUMP meme coin as a token of political and economic expression in the blockchain ecosystem. His coin promotion has drawn significant attention from crypto circles and market participants. While some question its implications, Trump maintains that digital tokens like TRUMP will redefine public engagement.

“The TRUMP coin supporters are also the ones who like my policies and vision for the future of our nation. They are the ones who want to see America GREAT again!” Trump exclaimed.

The president has insisted that TRUMP coin supporters share his vision for national crypto supremacy. The coin also contributes to Trump’s outreach to younger, tech-savvy demographics.

As interest in the dinner grows, so does curiosity about Trump’s broader blockchain policies.

Lawmakers Target Donald Trump’s Crypto Ties

Donald Trump’s crypto strategy has drawn legislative attention, particularly from Democratic lawmakers opposing his personal involvement in digital currencies.

Rep. Maxine Waters introduced the ‘Stop TRUMP in Crypto Act’ to curb official ties to digital assets during terms in office. The bill, directly targeting Trump, seeks to regulate political interactions with cryptocurrencies.

Opposition leaders claim Trump’s connections to World Liberty Financial and the USD1 stablecoin raise potential conflicts of interest.

Senator Elizabeth Warren led efforts to block the stablecoin bill, alleging it would benefit Trump financially. They argue that crypto regulation must remain neutral and not empower individuals in government positions.