America Wants to Lead in Crypto. The Risk Reality Is More Complicated | Opinion

The United States is no longer dipping its toes into the digital asset space. It’s diving in. President Donald Trump’s administration has made clear that it wants the U.S. to become the undisputed leader in crypto innovation, financial infrastructure and blockchain-enabled systems. His executive order on digital financial technology, issued within days of taking office in 2025, wasn’t a signal, it was a blueprint. It backed stablecoins with the GENIUS Act, and floated a national crypto reserve. Enforcement slowed, task forces appeared and pressure on major exchanges eased. The ambition isn’t the issue. The problem is what that ambition overlooks….