Will the US Lead in Blockchain and AI? Trump Raises the Stakes at Davos

As artificial intelligence and cryptocurrencies disrupt the global economy, Donald Trump took advantage of the World Economic Forum in Davos to outline an ambitious vision. The American president declared his intention to make the United States the global leader in these strategic technologies. This announcement is part of a broader desire to re-industrialize the country by leveraging its vast energy resources. However, these promises raise many questions, both about their implementation and the forthcoming economic and geopolitical implications.

Donald Trump’s Promises in Davos

On January 23, 2025, during his virtual intervention at the World Economic Forum in Davos, Donald Trump stated: “The United States will become the global capital of artificial intelligence and cryptocurrencies.” This statement is in continuity with the commitments he made during his 2024 presidential campaign. The American president also highlighted the vast energy resources of the country, which he sees as an essential lever to achieve this goal. Indeed, “American oil and gas production could reduce the costs of almost all goods and services,” he declared, which would thus help the United States become an indispensable manufacturing power.

However, despite this stated ambition, uncertainties remain regarding the realization of these promises. Indeed, Trump mentioned the need to further deregulate the energy sector to accelerate this transition, but he has not proposed any specific measures to support the development of artificial intelligence, blockchain, or cryptocurrencies. This lack of a detailed plan raises questions among observers and industry participants, who doubt the capacity of the United States to position itself as a global leader without a clear and coherent strategy.

A Lasting Skepticism Towards Controversial Initiatives

Among Donald Trump’s recent initiatives, the launch of the token “TRUMP” sparked a heated debate. This cryptocurrency, perceived by some as just a promotional tool, has faced numerous criticisms. Observers have labeled it a “cash grab” and expressed concerns about its potential use as a lever of influence by foreign actors. This controversy highlights the challenges the Trump administration may face in earning the trust of investors and regulators.

Meanwhile, other aspects of his technological policy continue to fuel doubts. Although the president has kept his promise to pardon Ross Ulbricht, the founder of Silk Road, this decision is seen by some as a strategic gesture aimed at appealing to the libertarian electorate. Furthermore, the absence of a comprehensive strategy to regulate the development of cryptocurrencies and artificial intelligence raises questions. Without a clear regulatory framework, these sectors risk lacking the necessary conditions for sustainable prosperity.

Despite these challenges, Trump’s announcement reflects a stated desire to capture the economic opportunities offered by these emerging technologies. However, without a concrete approach and structured policies, his statements may remain mere promises. Experts also warn against the possible consequences of this deregulation, particularly on the stability of financial markets and the environmental impact of increased exploitation of energy resources.

The forthcoming choices of the Trump administration will play a crucial role in the realization of this ambitious vision. However, the adoption of clear regulatory measures and the establishment of international partnerships could position the United States at the forefront of technological advancements in blockchain and artificial intelligence. Conversely, the absence of a coherent strategy could pave the way for other nations, better prepared to exploit the potential of these sectors. To turn these promises into reality, a solid political framework will be needed, as well as coordination between public and private actors.