'We're Leading China In Crypto'

Plus, crypto needs insurance to grow up

Happy Friday!

President Trump said that U.S. must lead in cryptocurrency or risk ceding dominance to China. Will Trump win his “America First” policy in crypto like in other sectors?

Charles Hoskinson said the next phase of cryptocurrency adoption will be driven less by faster blockchains and this instead.

Plus, the market moves in seconds and your news should too. Benzinga Pro delivers market-moving headlines the instant they break, so you can act on opportunities in real time.

TOP STORY

President Donald Trump reiterated that the U.S. must lead in cryptocurrency or risk ceding dominance to China.

Trump said that his administration never settles for second best and affirmed the “America First” policy.

“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. “They’d love to take over.”

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MARKET MINUTES

Robinhood, Hyperliquid could lead crypto's next bull market as next crypto bull market will be driven not by meme coins or speculative trading. Will it be the convergence of blockchain technology and TradFi?

Dogecoin dropped 6% as Elon Musk admitted that he got “carried away” with politics and the Department of Government Efficiency. Will the meme coin recover?

Japanese spot Bitcoin ETF market could grow to around $18.4 billion by fiscal 2028 under a bullish adoption scenario. Will it be the next major share of global ETFs market.

FINTECH FOCUS

Cardano founder Charles Hoskinson says the next phase of cryptocurrency adoption will be driven less by faster blockchains and more by safety, governance and consumer protections.

Hoskinson also criticized Ethereum’s reliance on large companies to shape development priorities, arguing that meaningful decentralization requires token holders, not corporations

Hoskinson said the industry’s biggest missing component is insurance.

He proposed optional insurance products for crypto wallets and cross-chain bridges.

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