CryptoQuant CEO Ki Young Ju has raised concerns about the United States using digital assets for its national interests. He believes that the US is evolving crypto into a tool for geopolitical influence, with ethical boundaries becoming blurred under President Trump. Young Ju pointed to the launch of Trump memecoin as an example of projects supporting the administration’s agenda receiving favorable treatment. He warned that digital assets linked to US interests could be positioned against other nations, potentially dominating the global crypto sector and attracting foreign capital.
Young Ju also noted that Trump’s recent order to position the US as a crypto powerhouse could impact the neutrality of Bitcoin and Ethereum, which strive to serve as public utilities. He speculated that the US prioritizing certain assets could be detrimental to the two leading cryptocurrencies. Despite his concerns, Young Ju acknowledged the speed at which US policy is being implemented, expressing admiration for the country’s swift actions. It appears that Bitcoin and Ethereum are now being signaled as “neither friend nor foe” in light of Trump’s recent posts.
The CEO referenced Trump’s controversial memecoin launch as an example of how the administration may be leveraging digital assets to serve its national interests. He suggested that under Trump’s presidency, actions that benefit him or align with US national interests are no longer considered illegal. Young Ju highlighted that the issuance of Trump meme coins symbolized the principle of following the administration’s agenda and contributing to US national interests. He expressed concerns that Trump’s reinforcement of the US as a crypto powerhouse could potentially position digital assets against other nations, leading to dominance in the global crypto sector and attracting foreign capital.
Despite his concerns about the US’s growing influence in the crypto sector, Young Ju acknowledged the rapid speed at which US policy is being implemented. He noted that while he may not agree with the direction the US is taking, he admires the country’s ability to move swiftly. Young Ju warned that the prioritization of certain digital assets by the US government, such as XRP, Solana, and Cardano, could be detrimental to the neutrality and public utility roles of Bitcoin and Ethereum. He speculated that positioning certain assets against other nations could lead to dominance in the global crypto market, impacting the decentralized nature of cryptocurrencies.
