President Trump has issued a warning to the crypto industry, stating that it “will end up going to China” if banks continue to undermine a proposed crypto market structure bill. This bill seeks to clarify the regulatory boundaries between the SEC and CFTC for digital assets, reflecting an ongoing push by the industry for stronger US leadership amidst escalating global competition, particularly with China in the blockchain and digital finance sectors. Trump’s advocacy for pro-crypto policies is aimed at fostering domestic innovation while countering these international challenges.
Trump warns crypto industry could relocate to China over bank actions
