🚨 OVER 65 CRYPTO FIRMS UNITE IN LETTER TO TRUMP: LEAD OR FALL BEHIND 🚨
More than 65 cryptocurrency companies have signed an open letter to President-elect Donald Trump, urging the incoming administration to establish the United States as the global leader in digital-asset innovation. The letter warns that without clear federal rules, the U.S. risks losing talent, capital and strategic advantage to friendlier jurisdictions.
🔑 Key Points
🔹 Who Signed – Coinbase, Kraken, Circle, Messari, Galaxy, Digital Currency Group, Paradigm, a16z crypto, Blockchain Association, Crypto Council for Innovation and 55+ additional exchanges, custodians, lenders and VCs.
🔹 Core Ask – A “cohesive national strategy” that includes (i) consumer-protection-first regulation, (ii) support for dollar-backed stable-coins, (iii) clear tax treatment, (iv) guidance on banks serving crypto clients, and (v) a pledge to never ban self-custody.
🔹 Jobs & GDP Pitch – Signatories claim the U.S. crypto industry already supports 1.2 million jobs and could add another 2 million while contributing “hundreds of billions” in tax revenue if nurtured rather than chilled.
🔹 Geopolitical Warning – China, the EU, the U.K. and UAE are “aggressively recruiting” U.S. founders and hashrate; losing leadership would cede the next wave of fintech, AI-commerce and Web3 infrastructure to adversaries.
💡 Why It Matters
🔹 Policy Momentum – The letter lands days after Trump met with Bitcoin-mining CEOs and promised to make America the “crypto capital of the planet,” signalling industry confidence that a pro-crypto White House is plausible.
🔹 Regulatory Clarity – A single federal framework would replace the current patchwork of SEC enforcement actions and state-level rules, reducing compliance costs and encouraging IPOs, token launches and institutional entry.
🔹 Stable-Coin Supremacy – Dollar-pegged tokens already circulate > 140 B; formal recognition could deepen global demand for USD-denominated assets, reinforcing the greenback’s reserve status in a digital era.
🔹 Political Sideshow – With Senate Agriculture and Banking committees both drafting market-structure bills, the letter gives incoming officials cover to fast-track legislation and appoint crypto-friendly regulators.
Bottom line: The crypto industry is handing Trump a ready-made economic-growth playbook; whether he signs, amends or ignores it will set the tone for U.S. digital-asset policy—and global market share—for the next four years.
https://bitcoinist.com/over-65-crypto-firms-unite-in-letter-to-trump-lead-or-fall-behind/