Former President Donald Trump declared on Friday his commitment to positioning the U.S. as a global leader in cryptocurrencies, earning praise from industry leaders who accused the previous administration of unfairly targeting digital assets.
"I felt it was crucial for us to stay ahead in this space," Trump stated during the inaugural White House "Crypto Summit."
Once a skeptic of digital currencies, Trump has since embraced the industry, which has, in turn, shown him strong support—contributing heavily to his election campaign.
"It's incredible to see how the landscape has shifted and the momentum has swung back," said Cameron Winklevoss, co-founder of the crypto exchange Gemini, while addressing Trump.