As mentioned in a previous CNF update, there was concern from the community regarding trump’s cryptocurrency policies. However, it appears that his approach seems to be changing. He is no longer ridiculed for ignoring digital currency and has taken a more progressive paradigm, as evidenced by his most recent virtual speech to the World Economic forum (WEF) in Davos, Switzerland.
Along with this speech, Trump outlined an aggressive proposal detailing how America will spearhead the world’s AI and digital currency industries. But myopic innovation cannot be sufficed, as manufacturing industry in the US also needs a hefty boost.
With the aid of blockchain and AI, the nation can become a “Manufacturing Superstick,” as described by trump. A shoorter report for CNY central noted that one of Trump’s aides claimed that “America will not only lead the AI world but also be the world capital of Artificial Intelligence and Crypto.” By embracing innovation, Trump hopes to make the US the synonym of pioneering industries.
Challenging In-house Policies to Bolster the U.S
Apart from his plans on advanced technology, Trump has addressed other important issues of his administration. He spoke about immigration’s merit based system and illegal immigration policies while focusing border control. The President also spoke about his policies away from foreign oil, specifically increasing domestic service energy output to goal on self sustainability.
A Polarizing Global Proposition
Responding to the above, we can say that Trump remained unfazed while covering his polarizing international standpoints. He again labeled the withdrawal of United States from World Health Organization and Paris Climate Agreement global policies as ‘necessary evils,” which criticize any global forum involvement,
But blowing in the “America First” strategy He held the position that these actions were vital to defend America’s interests, and limit the global obligations U.S. has to engage with as he considers these obligations restrictive.
Does the U.S. Have What it Takes in the AI and Crypto?
While Trump’s plans are incredibly bold, the challenge remains whether or not America has the capacity to dominate in these crucially advanced industries. If the United States pulled this off, they would be wildly successful in advancing AI and crypto, and dominate international markets.
According to CoinMarketCap, Bitcoin, one of the most influential components of the cryptocurrency market, is trading at $104,968, which represents a change of 2.77% in the last 24 hours and 3.48% in the past week.
