US President Donald Trump said in a speech at the World Economic Forum in Davos that he expects to sign a law regulating the structure of the cryptocurrency market, which will cover Bitcoin in particular, in the near future. According to him, the administration is striving to ensure that the US remains the “crypto capital of the world.” Trump also recalled that he had previously signed the GENIUS Act and added that Congress is working “very diligently” on a new set of rules for crypto assets, which he “hopes to sign very soon.”
Trump’s statements were accompanied by increased volatility in the cryptocurrency market: according to industry publications, Bitcoin initially fell after the comments from Davos, but then partially recovered and returned to levels around $90,000 as investors assessed the signals regarding regulation and the overall news background.
CRYPTO MARKET, DAVOS, LAW, TRUMP, USA
On Thursday, a ceremony was held in Davos to sign the founding documents of a new international initiative by US President Donald Trump, which the American media has dubbed the Board of Peace (in a number of publications – “Council of Peace”). According to media reports, the documents were signed by representatives of Azerbaijan, Argentina, Armenia, Bulgaria, Hungary, Indonesia, Jordan, Kazakhstan, Qatar, Mongolia, the UAE, Pakistan, Paraguay, Saudi Arabia, Turkey, Uzbekistan, and Kosovo.
The ceremony was held publicly and was reported by American media outlets, which published footage and details of the signing of the charter. According to ABC News, the charter establishes an expanded mandate for the structure as an “international organization” that goes beyond a single regional dossier.
It should be noted that Kosovo is a partially recognized state: Serbia does not recognize Kosovo’s independence, declared in 2008, and continues to consider the region its territory (the Autonomous Province of Kosovo and Metohija).
On January 21, Ukraine and Switzerland signed a Memorandum of Understanding in Davos on the sidelines of the World Economic Forum, launching a new large-scale economic sustainability program called “Competitiveness for Ukraine’s Recovery 2026-2030.”
“The total budget of the program is CHF 30 million. It is a long-term support tool for small and medium-sized enterprises (SMEs), which is particularly important for supporting SMEs in the current difficult conditions,” said Serhiy Sobolev, Minister of Economy, Environment, and Agriculture, on Facebook.
According to him, the priority areas include agribusiness and food processing, sustainable construction, woodworking, mechanical engineering, and IT.
As specified by the Ministry of Economy, the memorandum defines four strategic areas of work, including simplifying the conditions for doing business (improving the regulatory framework, digitizing public services, and reducing regulatory pressure on entrepreneurs) and strengthening institutions (supporting business associations and regional development agencies that will help SMEs enter new markets).
This list also includes the modernization of enterprises (direct technical assistance to businesses for the introduction of green technologies, automation, and EU quality standards) and the development of human capital (joint work with the International Labor Organization to involve veterans, women, and internally displaced persons in economic processes).
The program will cover 10 regions of Ukraine where Regional Development Agencies (RDAs) are already actively working, as well as those regions covered by other Swiss-funded projects. It is expected that this approach will ensure the even recovery of communities and the creation of jobs directly in the regions.
The program is fully synchronized with state strategies and the Ukraine Facility plan, the Ministry of Economy added.
US President Donald Trump, speaking at the World Economic Forum in Davos, reiterated his intention to seek control over Greenland and, commenting on the topic, said: “I’m just asking for a piece of ice.”
According to Reuters and AP, Trump claimed that the US would not use force to obtain the island, while insisting on the need for negotiations and calling Washington’s request a “small request” in the context of the US’s role in ensuring the security of its allies.
Greenland is an autonomous territory within the Kingdom of Denmark. Trump’s statements about a possible change in the island’s status previously provoked a sharp reaction in Europe, where the inadmissibility of a forceful scenario and the importance of respecting sovereignty were emphasized.
The island is interesting for its reserves and prospects for the extraction of critically important minerals, including rare earth elements, which are important for high-tech industries and energy transition.
Greenland is also associated with the planet’s largest reserves of fresh water in the form of ice – together with Antarctica, the ice sheets contain more than 99% of the Earth’s fresh ice.
Its key advantage is its geography: its location on Arctic and North Atlantic routes, including the GIUK (Greenland-Iceland-United Kingdom) area, which NATO considers a strategic maritime “corridor” between the Arctic and the Atlantic.
President of Ukraine Volodymyr Zelenskyy will take part in the World Economic Forum (WEF), which is being held in Davos, Switzerland.
“@ZelenskyyUa, President of Ukraine, will join the @wef 2025 Annual Meeting in Davos, Switzerland,” reads a message posted on the WEF’s X social media account on Tuesday.
Ukraine and Switzerland will hold joint business missions for domestic businesses to explore opportunities for Swiss companies to invest in Ukraine, as well as opportunities for Ukrainian companies in Switzerland.
This was discussed at the Swiss-Ukrainian round table in Davos on January 17, dedicated to Ukraine’s recovery, according to the website of the Ministry of Economy.
During the meeting, Deputy Economy Minister Volodymyr Kuzio noted that Ukraine had managed to build an infrastructure of war risk insurance in 2023. Thus, MIGA has already insured the first investments, Japan, the UK and Norway have already contributed to the MIGA Sure trust fund. DFC will insure 5 projects for $380 million, EBRD is working on the creation of a mechanism to insure war-related property risks for damage to goods during transportation and warehouses. Also, the Ministry of Economy together with British partners launched a mechanism of insurance of ships against war risks. In addition, by early 2024, 14 foreign Export Credit Agencies (ECAs) have insurance terms to support Ukraine and five more are working on their implementation.
The Swiss side noted that it is working on the issue of launching a reinsurance market involving their ECAs and private companies, the report said.
“Traditionally, the largest sectors of Swiss investment have been industry, financial and insurance activities. We hope to continue this trend in the future,” Vladimir Kuzio emphasized.
During the round table, representatives of Swiss companies and business associations assured that they are ready to support feasibility studies of investment projects and join the deregulation reform. The parties agreed to prepare a list of documents that, in the opinion of foreign investors, prevent them from entering the Ukrainian market or working in Ukraine, and these documents will be considered during the meeting of the interdepartmental working group on deregulation.
In addition, the issue of participation of Swiss companies in public procurement in Ukraine was raised. Within the framework of updating the Free Trade Agreement with the European Free Trade Association, Switzerland will improve the mechanism of mutual access to the public procurement market.
Representatives of Swiss companies already operating in Ukraine noted the improvement of the business climate last year.
