US President Trumps Crypto Push Threatens Global Market, CEO Warns

Since Donald Trump returned to the Oval Office, the United States has embraced the cryptocurrency marketplace similar ne'er before. Although that led the plus people to surge earlier this year, things person changed. Now, CryptoQuant CEO Ki Young Ju has warned that US President Trump’s crypto propulsion is threatening the planetary market.

In a post to X (formerly Twitter), Young Ju discussed the imaginable downside of the country’s continued crook toward cryptocurrencies. Specifically, helium noted that the plus people could soon go a limb of geopolitical influence. That could pb to cryptocurrency’s usage to service nationalist interests, a acold outcry from its archetypal intent.

Source: Watcher Guru

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Trump’s Crypto Push May Threaten Global Market arsenic Asset Class May Be Weaponized

Just past week, the United States announced a program to make its precise ain cryptocurrency reserve. This wasn’t focused connected simply Bitcoin (BTC) and Ethereum (ETH) but included assets similar Cardano (ADA) and Solana (SOL) arsenic well. However, not each are thrilled with the idea.

Some are questioning what the continued propulsion could mean for the manufacture arsenic a whole. Indeed, US President Trump’s ongoing crypto propulsion could endanger the planetary market, warns 1 CEO. Specifically, CryptoQuant enforcement Ki Young Ju has expressed concerns astir imaginable weaponization of the plus people by the North American power.

Source: Saul Leob / AFP

Also Read: Trump Media to Invest successful Bitcoin & Other Cryptocurrencies

“The crypto marketplace is progressively becoming a limb of the United States,” Young Ju said. “Since Trump’s election, cosmopolitan motivation standards person declined. Now, if thing benefits Trump and serve’s US nationalist interest, it is nary longer considered illegal.”

With geopolitical tensions surging nether the Trump administration, crypto could beryllium utilized successful that arena. “Ultimately, ‘coins serving US nationalist interests’ are apt to enactment against each state but the United States,” Young Ju warned. “It appears to beryllium a strategy to predominate the crypto marketplace and sorb overseas capital.”