Donald Trump Reverses Biden’s AI Order, Boosts $100B Stargate Project

When President Donald Trump Donald Trump   Donald J. Trump is a US-based business tycoon,  pro-crypto politician, and 47th (present) President of the United States. He comprehends the significance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto politician.   Once doubtful about Bitcoin's dominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his pool. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Famous For Business, Politics   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Slammed crypto king Bitcoin on X, calls it "not money".   2025 – A gala party was hosted by him for the top 220 Trump meme coin holders.   President took office, one of his first actions was to reverse a 2023 executive order by Joe Biden Joe Biden   Joe Biden Jr. is a former senator and the 46th Democratic President of America. He is hailed as one of the finest leaders of America, especially by the Democratic Party. At the outset, Biden and his administration stressed protecting consumers and providing regulatory transparency.    In March 2022, he enacted Executive Orders that further launched investigations into Central Bank Digital Currencies (CBDCs) and the oversight of cryptocurrency markets. For crypto adoption in the country, he insists on the need for clear and easy-to-function crypto regulations.   Quick Facts   Full name Joseph Robinette Biden Jr. Birth 20-11-1942, Scranton, Pennsylvania, United States Nationality American Education BA from the University of Delaware Known for Political leadership   Joe Biden - Career Highlights & Events   1970 - Elected to the New Castle County Council   2017 – Published memoir Promise Me, Dad, reflecting on personal and political life   2020 – Elected as the 46th President of the United States    2022 – Directed federal agencies to create frameworks for cryptocurrency regulations.   President aimed at addressing the risks AI poses to consumers, workers, and national security. Many in the AI community view this decision as a turning point for the U.S. in its goal to become a global leader in artificial intelligence.

While the AI community is celebrating the favorable environment created by the withdrawal of Biden’s executive order, a major new initiative has been launched. OpenAI and SoftBank have announced a large-scale AI infrastructure project called Stargate.

How does this ambitious project fit into the bigger picture, and what could it mean for the future of AI and crypto? Let’s dive in.

Stargate: Everything You Should Know 

Stargate, a joint project between OpenAI and SoftBank, aims to enhance the U.S.’s ability to train and deploy advanced AI models. The initial phase will see an investment of $100 billion, with plans to increase the total investment to as much as $500 billion over the next four years.

The first project under Stargate will be the construction of a new data center in Abilene, Texas, which is already in progress.

Trump’s Opinion

President Trump has expressed strong support for the Stargate project, calling it a “declaration of confidence in America.” He also highlighted the project’s potential to create at least 100,000 jobs, emphasizing its value for the U.S. workforce.

A Look at the Key Players

Masayoshi Son, the chairman of SoftBank, will lead the Stargate project, with SoftBank handling the financial side and OpenAI taking care of the technical and operational aspects. Additionally, major companies like Oracle, Microsoft, Nvidia, Arm, and MGX Fund are expected to join the project as partners, which could expand its reach.

• Also Read :
•   Stargate Finance (STG) Set for Bull Rally Under Trump’s Crypto Push
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AI Tokens Surge: A Market on the Rise

The positive developments in the AI sector since Trump’s inauguration have sparked growth in the AI token market. In just the last 24 hours, the AI token segment has risen by 8.9%, with most of the top ten AI tokens seeing impressive growth. Key performers include:

• NEAR Protocol: +5.9%
• Internet Computer: +2.4%
• Render: +8.4%
• Bittensor: +10.8%
• Artificial Superintelligence Alliance: +14.4%
• Virtuals Protocol: +19%
• The Graph: +4.5%
• Arweave: +7.7%
• Akash Network: +9.0%

Notably, the price of AI16z saw an incredible 41.2% jump in the last 24 hours.

Furthermore, SoftBank Group Corp’s share price rose by 10.51% in the same period.

With its already noticeable impact on the AI token market, the project is likely to benefit the broader crypto sector, particularly AI tokens, in the future.

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