Key takeaways
- Trump: ‘We’re going to do something good with crypto’ during the NYSE bell.
- Trump claims US needs to double energy production to lead in AI during NYSE event.
Donald Trump rang the opening bell of the New York Stock Exchange on Thursday, celebrating his election victory and unveiling plans to cement US dominance in crypto and artificial intelligence.
“We’re going to do something good with crypto. We don’t want China or anybody else to lead — we want to be the head,” Trump told CNBC’s Jim Cramer.
Trump stated that the United States also aspires to lead in artificial intelligence, highlighting the necessity of significant energy investment to secure this position.
He argued that producing twice as much energy as the country currently does would be essential for leadership in AI, adding that the United States would achieve this goal.
The occasion also marked Trump’s appointment as Time Magazine’s 2024 Person of the Year, in recognition of his political resurgence and economic vision.
Trump was joined by Vice President-elect JD Vance and key Cabinet nominees, including Treasury Scott Bessent and Commerce pick Howard Lutnick.
Trump outlined an economic agenda focused on tax cuts and deregulation, promising to cut corporate tax rates to 15% and boost domestic job creation.
The crowd on Wall Street greeted Trump with chants of “USA” when he appeared on the trading floor, reflecting market optimism following his election victory.
