The crypto world is abuzz, with U.S. President Donald Trump’s bold plans for the industry dominating discussions among top executives, according to Coinbase CEO Brian Armstrong. Reflecting on his time at the World Economic Forum (WEF) in Davos, Armstrong shared that “basically every conversation” with market leaders revolved around Trump’s strategy for digital assets.
“President Trump is forcing everyone to up their game,” Armstrong said in a recent post on X, highlighting the ripple effects of Trump’s ambitious vision to make the U.S. the “world capital of artificial intelligence and crypto.”
Trump’s vision isn’t just creating waves in the U.S.—global leaders like Argentina’s President Javier Milei and El Salvador’s President Nayib Bukele are echoing similar sentiments, seeing free markets as key drivers of economic growth. Armstrong noted that socialism is losing its grip as countries embrace market-driven innovation.
One of Trump’s speculated plans, the creation of a Strategic Bitcoin Reserve, has grabbed attention. However, his recent executive order focused on exploring the possibility of a broader digital assets stockpile, sparking speculation about potential support for cryptocurrencies beyond Bitcoin.
Meanwhile, traditional financial institutions are ramping up their crypto investments. Armstrong mentioned that banks, asset managers, and payment firms are accelerating their efforts to stay ahead in the game. While interest in Bitcoin remains high, regulatory hurdles still limit direct involvement for some institutions.
Goldman Sachs CEO David Solomon called Bitcoin an “interesting speculative asset” but admitted current regulations prevent the bank from owning or engaging with it directly.
The takeaway? Trump’s crypto agenda is reshaping the industry’s narrative, pushing companies, leaders, and institutions to rethink their strategies in an ever-evolving digital landscape.