Trump has Turned Crypto Into a U.S. Weapon: CryptoQuant CEO

CryptoQuant CEO Ki Young Ju believes that under President Donald Trump, the crypto market is becoming a tool for U.S. dominance.

In a recent post on X, Ki Young Ju stated that Trump’s decision marks a shift in the global crypto landscape, with the market increasingly becoming a weapon of the United States..

His comments came after Trump announced the creation of a U.S. crypto reserve , which caused major market movements. The announcement initially included XRP, Solana, and Cardano, while Bitcoin and Ethereum were added later.

Ju believes Trump is evaluating which cryptos best serve U.S. interests. The delayed inclusion of Bitcoin and Ethereum suggests Trump views them as neutral assets rather than key contributors to the U.S. economy. He sees this as part of a broader plan to dominate the crypto industry and attract foreign capital.

Young Ju admitted that Trump’s crypto policies have boosted the market, but he also cautioned about the difficulties facing Bitcoin and Ethereum. He proposed that decentralized assets may be weakened by Trump’s emphasis on cryptocurrencies that are associated with the United States.

Ju pointed out that Bitcoin and Ethereum have traditionally been seen as neutral and decentralized, rather than tools for national interests. Based on Trump’s recent statements, he believes these two assets are now being treated as “neither friend nor foe.”

He says the way people see crypto has changed under Donald Trump. Once viewed with doubt, it’s now being treated as a national asset by the U.S. government.

However, Ju didn’t say whether this was good or bad, but he pointed out that the U.S. is using crypto to increase its global financial power. He also warned that weaker regulations could lead to market manipulation and scams like rug pulls, which could hurt regular investors.