President Donald Trump reiterated on Thursday that the U.S. must lead in cryptocurrency or risk ceding dominance to China. Don't Miss:"We're leading China and all other countries by a lot in AI and just about every other, including crypto. We want to stay in front in crypto," Trump said. From his 2024 campaign through his time in office, Trump has used China as a justification for advancing pro-cryptocurrency policies. Instead, China has focused on advancing its central bank digital currency, the Digital Yuan.