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Trump Reaffirms Pro-Crypto Stance at Davos, Vows to Keep US as Global Cryptocurrency Hub

Trump delivered a speech in Davos on Jan. 21, reiterating his support for cryptocurrencies and pledging to ensure the United States remains the "global cryptocurrency capital", BlockBeats reports. He said Congress is actively advancing market structure legislation covering various crypto assets including Bitcoin, with the law expected to be signed soon to open new development paths for Americans. Trump also indicated he would soon announce a new Federal Reserve Chair, describing the choice as a "highly respected male", and voiced concern the next chair could "betray" him by changing behavior after taking office. Markets reacted with sharp volatility to his remarks, with both stocks and cryptocurrencies seeing an immediate rebound after he commented the previous day's decline in US stocks "didn't mean much" and the stock market would "double".
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