US Crypto Influence: Trump's MemeCoin and the Race for Global Dominance
1min read The crypto market, once hailed as a decentralized and borderless space, is increasingly becoming a tool for geopolitical influence, according to CryptoQuant CEO Ki Young Ju. In a recent post, Ju expressed concerns over the United States' growing influence in the crypto sphere, suggesting that the country may be leveraging digital assets to serve its national interests.
Ju pointed to the rapid shift in the US approach toward crypto, highlighting the launch of the TRUMP memecoin as an example. The coin, launched a few days before the President's second inauguration, has attracted significant criticism from industry experts over how it could be used to exert undue influence on the government. Ju argued that projects supporting the administration's agenda may receive favorable treatment, stating that "coins serving U.S. national interests" are likely to work against every country except the United States, appearing to be a strategy to dominate the crypto market and absorb foreign capital.
Ju also warned that digital assets linked to US interests could be positioned against other nations. He speculated that this might be a deliberate attempt to dominate the global crypto sector while drawing foreign capital. Trump recently reinforced his ambition to position the US as a crypto powerhouse, with his latest order detailing plans for a strategic reserve, initially listing XRP, Solana, and Cardano. Ju noted that prioritizing certain assets could be detrimental to Bitcoin and Ethereum, which strive for neutrality and serve as a public utility.
Despite these concerns, Ju acknowledged the speed of US policy implementation, noting that "I'm not judging... I'm writing this out of admiration, amazed that a country can move this swiftly... I admire their speed, not their direction." The crypto market's evolution into a geopolitical tool raises important questions about the future of digital assets and their role in global politics.
