Coinbase Chief Executive: Trump’s Cryptocurrency Initiatives Generate Interest in Finance, Technology, and Crypto Sectors

Coinbase CEO Brian Armstrong has emphasized that U.S. President Donald Trump’s cryptocurrency agenda has become a key topic of discussion within the crypto sector, financial markets, and the technology industry.

Reflecting on his recent participation at the World Economic Forum (WEF) in Davos, Armstrong shared that discussions with prominent market figures were largely focused on Trump’s intentions regarding digital assets.

“Essentially, every conversation I had with leading market figures revolved around what the Trump administration intended to do concerning crypto,” Armstrong stated in a Jan. 24 post on X.

Trump is Encouraging Industry Participants to Elevate Their Efforts

He further noted that Trump’s ambitious vision is motivating industry participants to elevate their efforts, with many aiming to avoid being left behind in the rapidly changing environment.

During the WEF, Trump committed to making the United States the “global hub of artificial intelligence and crypto.”

This pledge, one of his initial public declarations since assuming office on Jan. 20, has established a transformative atmosphere for the sector.

Armstrong commended Trump’s approach, along with the leadership of Argentina’s President Javier Milei and El Salvador’s President Nayib Bukele, for advocating free markets as catalysts for prosperity.

Among Trump’s rumored initiatives is the establishment of a Strategic Bitcoin Reserve, although his latest executive order suggests a more expansive vision.

The order calls for the creation of a working group to assess a strategic national digital asset reserve, allowing for the inclusion of various cryptocurrencies.

Armstrong also pointed out that financial institutions are ramping up their investments in crypto, indicating a rise in competition and innovation.

“There will be more participants and competition than ever in crypto, and we welcome all of it,” Armstrong stated, highlighting the potential for cryptocurrency to modernize the global financial system.

https://t.co/wOhYg1vmzr

— Brian Armstrong (@brian_armstrong) January 24, 2025

However, regulatory challenges remain. Traditional finance leaders at the WEF, including Goldman Sachs CEO David Solomon, expressed interest in Bitcoin but acknowledged that regulatory constraints limit their participation.

“At this moment, from a regulatory standpoint, we can’t own, we can’t principal, we can’t engage with Bitcoin at all,” Solomon remarked, describing Bitcoin as an “interesting speculative asset.”

Trump Enthusiasm Sparks $2.2B Inflows into Digital Asset Products

Fueled by the excitement surrounding Trump’s inauguration, digital asset products experienced record inflows of $2.2 billion last week.

According to the latest CoinShares report, this represented the largest weekly inflows of 2025 thus far, bringing year-to-date (YTD) inflows to $2.7 billion.

The increase in activity has driven total assets under management (AuM) to a historic high of $171 billion.

The rise in inflows has not only affected total assets under management but also global trading volumes.

Global trading volumes for exchange-traded products (ETPs) also indicate a heightened interest, with $21 billion traded last week.

This accounted for 34% of total Bitcoin trading volumes on reputable exchanges, demonstrating increased market engagement.

In terms of regional demand, the U.S. led inflows, contributing $2 billion of the total.

Switzerland and Canada followed with inflows of $89 million and $13 million, respectively, reflecting global interest in digital assets, according to CoinShares.

The post Coinbase CEO: Trump’s Crypto Plans Spark Buzz in Crypto, Finance, and Tech appeared first on Cryptonews.