US takes driver’s seat in crypto sector amid Trump policy, stablecoin frenzy

The United States is expanding its influence over the US$4 trillion global cryptocurrency industry amid favourable regulation under the Trump administration and the growing use of US dollar-backed stablecoins, according to participants at this year’s Token2049 event in Singapore.
The US is on a path to becoming the world’s “crypto capital”, said Bo Hines, the former executive director of the White House’s Council of Advisers on Digital Assets, at a fireside chat on Thursday to conclude the…