CryptoQuant CEO Ki Young Ju has warned that President Donald Trump’s crypto policies are turning digital assets into tools for U.S. financial dominance. Ju’s insights come after Trump announced the creation of a U.S. crypto reserve, triggering a $300 billion surge in market capitalization.
Bitcoin climbed 8% past $93,000, while Ethereum gained 11%. Interestingly, the first assets named in the reserve were XRP, Solana, and Cardano, with Bitcoin and Ethereum added later.
Ju interprets Trump’s strategy as a calculated move to assess which cryptocurrencies serve American interests. He suggested that Trump’s decision to initially omit Bitcoin and Ethereum signals that they are viewed as neutral assets rather than instruments of national control. Meanwhile, Binance founder CZ responded to BNB’s exclusion, urging holders to stay patient while emphasizing the U.S. government’s prioritization of domestically linked cryptocurrencies.
Following the announcement, Cardano led the market reaction with a 75% price surge, while Solana and XRP also saw double-digit gains. The rapid appreciation in these assets underscores growing investor confidence in cryptocurrencies tied to government strategies.
Despite the market boost, Ju expressed concerns over the implications for Bitcoin and Ethereum, warning that the administration’s focus on select cryptocurrencies could diminish the role of decentralized assets. He stated that Trump’s policies may redefine crypto’s role in global finance, transforming it from a neutral, decentralized system into a tool of economic influence.
Ju also raised concerns about the potential for market manipulation under reduced oversight, warning that the shift in regulatory focus could encourage fraudulent activities like rug pulls, ultimately harming retail investors. He added that the political climate under Trump has led to a decline in universal moral standards, further complicating the regulatory landscape for crypto markets.
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