Key Takeaways
- Trump: 'We're going to do something good with crypto' during the NYSE bell.
- Trump says US needs to double energy production to drive AI at NYSE event.
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Donald Trump rang the opening bell at the New York Stock Exchange on Thursday, celebrating his election victory and revealing plans to consolidate US leadership in crypto and artificial intelligence.
“We're going to do something great with crypto. We don't want China or anybody else to lead — we want to be the leader,” Trump told CNBC's Jim Cramer.
Trump said that the US is also focused on leading artificial intelligence, highlighting the need for significant energy investments to secure this position.
He said that producing twice as much energy as the country currently does would be necessary for leadership in AI, saying that the US will achieve this goal.
The event also marked Trump's nomination as Time Magazine's 2024 Person of the Year, recognizing his political renaissance and economic vision.
Trump was joined by Vice President-elect JD Vance and key cabinet nominees, including Treasury pick Scott Bessent and Commerce pick Howard Lutnick.
Trump outlined an economic agenda focused on tax cuts and deregulation, promising to reduce corporate tax rates to 15% and boost domestic job creation.
The Wall Street crowd greeted Trump with chants of “USA” as he appeared on the trading floor, reflecting market optimism after his election victory.
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