Cryptocurrency industry, if the US doesn't control it, it's in China's hands = Mr. Trump

(some excerpts)

Former President Trump, who is the Republican Party candidate for the US presidential election, stated on the 27th that the United States should control the crypto asset (virtual currency) industry, and if not, it will fall into the hands of China. The idea of establishing a national reserve for the representative virtual currency Bitcoin was also shown. Remarks at the Bitcoin industry event “Bitcoin 2024" held in Nashville, Tennessee, USA. Previously, Mr. Trump had expressed a negative opinion about virtual currency, saying “it's a fraud.”
Mr. Trump stated that he is in a position to support virtual currency, put the United States at the head of the virtual currency industry, and introduce regulations closer to the industry than Vice President Harris, the Democratic Party candidate for the presidential election. “If we don't accept cryptocurrency and bitcoin technology, China and other countries will dominate the industry. We can't let China rule it. As a matter of fact, they have already made quite a bit of progress,” he expressed a sense of crisis.