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Trump Reiterates Plans To Make US World Capital Of Crypto: 'Instead Of Attacking Industries Of The Future, We'll Embrace Them'

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Trump Reiterates Plans To Make US World Capital Of Crypto: 'Instead Of Attacking Industries Of The Future, We'll Embrace Them'

Former President Donald Trump continued his pro-cryptocurrency campaign, promising to provide all necessary support for “industries of the future.”

What happened: During his speech at the Economic Club of New York Thursday, the Republican presidential hopeful reiterated his vision of making the U.S. the world capital of cryptocurrencies and Bitcoin BTC/USD.

“Instead of attacking industries of the future, we will embrace them,” Trump assured, adding that his government would scrap a minimum of 10 old regulations for every new regulation.

Trump didn’t specify or delve further into the type of policy changes that could be expected under his administration vis-à-vis cryptocurrencies. 

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See Also: El Salvador President Nayib Bukele Says Bitcoin Uptake Hasn’t Been A ‘Resounding Success’ — ‘We Have Never Forced Anyone To Adopt It’

Why It Matters: The supportive remarks were the latest in Trump’s months-long political push to court the cryptocurrency vote bank.

The presidential candidate earlier pledged to establish a national Bitcoin stockpile to address the U.S.’ $35 trillion debt problem, a move that got his fair share of flak from economists.

Last week, Trump said that he would lay a plan to make the U.S. the “crypto capital of the planet.” However, he was yet to follow it up with any concrete announcement.

Of late, his upcoming cryptocurrency venture, World Liberty Financial, has hogged the limelight. Backed by the family-owned conglomerate, The Trump Organization, the project outlined its vision to drive the mass adoption of dollar-pegged stablecoins and decentralized finance (DeFi).

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A recent poll shows Trump leading Kamala Harris by 12 points among U.S. cryptocurrency owners, despite his overall national support lagging.

Price Action: At the time of writing, Bitcoin was exchanging hands at $$56,017.86, down 3.44% in the last 24 hours, according to data from Benzinga Pro.  Token themed around Trump, Maga Coin, was trading 5.21% lower.

Image via Shutterstock

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Market News and Data brought to you by Benzinga APIs

Crypto

Analysts Predict Conservative XRP Price If It Follows 2017 Run

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Analysts Predict Conservative XRP Price If It Follows 2017 Run

XRP is at the center of ultra-bullish calls after two crypto commentators pointed to a 2017-style fractal as the basis for a major breakout. The latest discussion started with analyst CryptoBull, who predicted that the XRP price is on track for $10 to $11 by the end of March if its price action continues to follow its 2017 structure. 

That outlook then led to a much bigger response from Remi Relief, who said his own conservative target for this cycle is four digits between $1,200 and $1,700.

CryptoBull’s Fractal Call To Double Digits

CryptoBull’s prediction is built around a familiar XRP talking point: that the cryptocurrency is tracing a structure similar to its 2017 breakout. A 2017 comparison is one of the strongest bullish narratives available for the crypto because it points to the one period in XRP’s history when price moved from relative quiet into a parabolic run in a short time period.

In his technical analysis, CryptoBull said he now believes XRP is following the 2017 fractal and that this setup could take the cryptocurrency to $10-$11 by the end of March, adding that he expected six more days sideways before a push higher.

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The chart attached to that post shows XRP moving through a flat, compressed range under a horizontal resistance zone on the daily candlestick chart, with the green fractal path projecting a rally once that resistance is broken.

The structure is simple enough to explain: long consolidation, breakout through resistance, brief pause, then a vertical continuation. In other words, the chart is not presenting a slow grind upward like you might expect considering XRP’s recent price action. It is presenting a replay of XRP’s most explosive behavior back in 2017.

XRP Price Chart. Source: @CryptoBull2020 On X

Remi Relief Takes The Same Setup To An Extreme

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Remi Relief took that same broad idea and pushed it far above CryptoBull’s target. In his response, he said that in 2024 he had already stated XRP would follow the 2017 run and go to $1,200 conservatively in this cycle. The move was delayed, although this is something he warned about back in June 2025 and after revising his thinking, his target range became $1,200 to $1,700.

CryptoBull’s $10 to $11 call is already a massive move from current levels, but it still sits within the realm of numbers that are possible based on XRP’s current circulating supply. A $10 price would imply a market capitalization of about $610 billion, and $11 would imply about $671 billion. On the other hand, a move to $1,200 would imply about $73.2 trillion, while $1,700 would imply about $103.7 trillion in market cap.

The real significance of these predictions may not be whether XRP actually reaches four-digit prices. It may be what they say about sentiment among XRP traders right now. At the time of writing, XRP is trading around $1.37, with an intraday range of $1.35 to $1.41. This shows that the cryptocurrency is far below the predicted price levels. However, there are many traders with an ultra-bullish bias who are still willing to rally around any setup that resembles 2017.

Featured image from Shutterstock, chart from TradingView

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These Projects Lead Overall Cryptocurrency Development Activity! – Santiment Community Insights

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These Projects Lead Overall Cryptocurrency Development Activity! – Santiment Community Insights

🧑‍💻 Here are crypto’s top overall coins by notable development activity the past 30 days. Directional indicators represent each project’s rank rise or fall since last month:

➡️ 1) Metamask USD $mUSD 🥇

➡️ 2) Hedera $HBAR 🥈

📈 3) ChainLink $LINK 🥉

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📉 4) Internet Computer $ICP

➡️ 5) Starknet $STRK

📈 6) Aztec $AZTEC

📈 7) Aptos $APT

📉 8) Cardano $ADA

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📈 9) Avalanche $AVAX

📈 10) NEAR $NEAR

📖 Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto research, investing, and trading!

📊 Visit our data screener any time, sort by top development activity, or other bullish & bearish signals!

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Man robbed of HK$6 million in crypto and silver in Hong Kong, probe under way

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Man robbed of HK million in crypto and silver in Hong Kong, probe under way

Hong Kong police are investigating an attack and robbery in which a man lost about HK$6 million (US$767,070) in cryptocurrency and silver.

The force said it received a report at 3.52am on Saturday that a 25-year-old mainland Chinese man was attacked by three men and a woman at a hotel near Man Lok Street in Hung Hom and robbed of cryptocurrency worth HK$5 million from his account.

The suspects later took the victim to another unit in an industrial building, where they seized silver items worth HK$1 million.

No arrests had been made so far and a manhunt was under way to track down the four suspects.

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