Crypto market is becoming a weapon of US warns CryptoQuant CEO
CryptoQuant CEO Ki Young Ju has voiced concerns over the United States growing influence in crypto, suggesting that the country may be leveraging digital assets to serve its national interests.
In a March 3 post on X, Young Ju highlighted the rapid shift in the US approach toward crypto, stating that the market appears to be evolving into a tool for geopolitical influence.
He linked this development to a broader trend, arguing that ethical boundaries have blurred under President Donald Trump.
According to him, actions that benefit Trump or align with US national interests are no longer considered illegal.
Ju stated:
The crypto market is increasingly becoming a weapon of the United States. Since Trumps election, universal moral standards have declined. Now, if something benefits Trump and serves US national interests, it is no longer considered illegal.
The CryptoQuant CEO pointed to Trumps controversial memecoin launch as an example, implying that projects supporting the administrations agenda may receive favorable treatment.
Follow the Trump administrations agenda and contribute to U.S. national interests. This principle was firmly established, and the issuance of Trump meme coins symbolized it.
The TRUMP memecoin was launched a few days before the Presidents second inauguration and has attracted significant criticism from industry experts over how it could be used to exert undue influence on the government.
Ultimately, coins serving U.S. national interests are likely to work against every country except the United States. It appears to be a strategy to dominate the crypto market and absorb foreign capital.
Bitcoin and Ethereum neutrality impacted
Young Ju also warned that digital assets linked to US interests could be positioned against other nations.
He speculated that this might be a deliberate attempt to dominate the global crypto sector while drawing foreign capital.
Notably, Trump recently reinforced his ambition to position the US as a crypto powerhouse. His latest order detailed plans for a strategic reserve, initially listing XRP, Solana, and Cardano.
According to Young Ju, prioritizing certain assets could be detrimental to Bitcoin and Ethereum, which strive for neutrality and serve as a public utility.
He wrote:
Judging by Trumps recent posts, it seems that Bitcoin and Ethereum are now being signaled as neither friend nor foe.'
However, despite these concerns, Ju acknowledged the speed of US policy implementation, noting that:
Im not judgingIm writing this out of admiration, amazed that a country can move this swiftly I admire their speed, not their direction.
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Text source: CryptoSlate
