President Donald Trump has once more expressed his support for the cryptocurrency industry while skillfully avoiding committing to step back from his personal crypto investments for the next two years. When pressed if he would consider 'pulling away' to facilitate the passage of various crypto-related bills in Congress, contested by Democrats who challenge his involvement, Trump remarked on his affinity for crypto. He stated, 'If we didn't have it, China or another would, most likely China.' Efforts continue in Washington to advance legislation on crypto market structures and federal frameworks for stablecoins. Recently, the βStop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025β was introduced by Rep. Maxine Waters and other Democrats amid events for Official Trump memecoin holders. Trump noted his engagement with Bitcoin began years before his current presidential campaign, highlighting its impact on reducing pressure on the dollar. Eric Trump also affirmed the alignment of the Official Trump memecoin with World Liberty Financial, a DeFi project supported by the Trump family. Trump Media plans to amass significant corporate Bitcoin reserves, signaling ongoing investment interest. Trump concluded by noting his children's belief in crypto's potential, emphasizing the industry he helped catalyze. 'If we didn't have it, China would,' he reiterated.
β What is Trump's position on crypto?
Trump supports the crypto industry but avoids pausing his personal ventures despite political concerns.
β How are crypto regulations progressing in the US?
Regulations are still developing, with efforts focused on market structures and stablecoins.
β Does Trump's family invest in cryptocurrency?
Yes, Trump's children invest in crypto, and Eric Trump confirmed connections with DeFi projects.