Key Insights:
- Trump confirms the CLARITY Act is coming soon, pushing the U.S. to lead in crypto regulation.
- Bitcoin jumps above $90,000 after Trump’s Davos speech and crypto market comments.
- Trump rules out military force in Greenland talks, easing fears and lifting market sentiment.
At the World Economic Forum in Davos, U.S. President Donald Trump said he plans to sign the CLARITY Act soon. “I hope to sign it very soon,” he said. He confirmed that Congress is already working on the bill.
Trump also referred to the GENIUS Act, which he signed last year. That law focuses on stablecoins. He called both pieces of legislation part of a broader plan to keep the U.S. ahead in crypto and artificial intelligence.
Bitcoin Rises Past $90,000 After Remarks
Bitcoin climbed after Trump’s comments. TradingView data shows the price trading near $90,300 at press time. The day before, Bitcoin dropped to $88,200.
Source: TradingviewThe market reacted after Trump mentioned Bitcoin and spoke about upcoming regulation. Earlier in the week, prices fell when Trump threatened tariffs on eight European nations while speaking about U.S. plans to acquire Greenland.
Trump Rules Out Force in Greenland Talks
Trump addressed questions about Greenland during the same speech. He said, “I don’t have to use force, I won’t use force.” He called for negotiations and urged Denmark to give up the island for “world peace.”
Earlier reports said Trump would bring up Greenland during talks with the EU in Davos. His public statement came after concerns over possible pressure or conflict in the region.
Fed Chair Decision Coming Soon
Trump said he will announce a new Federal Reserve chair in the “not too distant future.” He criticized current chair Jerome Powell, calling him “always too late.”
People familiar with the situation named former Fed Governor Kevin Warsh and BlackRock’s Rick Rieder as potential candidates. Trump confirmed the decision could come soon.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/news/bitcoin-hits90k-after-trump-drops-crypto/
