President Donald Trump has cautioned that China could overtake the United States in cryptocurrency dominance if effective policies are not implemented. Speaking at the America Business Forum in Miami, Trump stressed the importance of a supportive regulatory environment to sustain U.S. leadership in the digital asset sector. He noted that his administration has already made strides in this area, citing the GENIUS Act stablecoin legislation signed in July, which requires full reserve backing and transparency for stablecoin issuers.