Updated on:12/29/2025 06:43 PM 
President Donald Trump has revealed his perspective on cryptocurrency, stating that Bitcoin (BTC) transactions "alleviate significant pressure on the dollar" while simultaneously strengthening America's position as a leader in the digital asset space. According to Trump, this strategic advantage prevents China from gaining control over the burgeoning blockchain sector.
These remarks were delivered during a White House press conference held on June 27, which followed what the President characterized as a pivotal Supreme Court victory for his administration.
Trump referred to cryptocurrency as a "thriving industry" and disclosed his personal support for digital assets, noting that he became an "enthusiast of crypto" several years ago. The President pointed out that Bitcoin and other digital currencies demonstrated greater resilience compared to traditional stocks during recent market volatility, emphasizing that the United States has "fostered an exceptionally robust industry" now generating substantial employment opportunities and investment capital.
The President highlighted the growing acceptance of Bitcoin as a payment method among merchants and reiterated his position that without American investment in digital assets, "China would undoubtedly step in to fill the void."
During the press conference, a reporter questioned whether Trump would consider suspending his family's cryptocurrency business activities to potentially gain support from undecided Democrats regarding pending digital asset legislation.
Trump declined to disengage, explaining that his sons oversee the investment portfolio and that he maintains minimal involvement in personal financial matters during his presidency. The President emphasized that national leadership in the cryptocurrency sector outweighs personal financial interests, asserting that his family's involvement has not impeded congressional negotiations.
The Trump family is currently associated with World Liberty Financial (WLFI), a credit market platform featuring its own stablecoin, USD1. Additionally, they recently formalized partnerships with the team behind the TRUMP memecoin on June 6, with Eric Trump announcing that WLFI would acquire a substantial position in the token for their corporate treasury.
Legislative proposals currently under consideration in both the House and Senate aim to establish comprehensive frameworks for cryptocurrency regulation. These bills address critical issues such as determining when digital tokens should be classified as securities, creating federal licensing requirements for trading platforms, and developing a structured approach to stablecoin oversight in the United States.
Democratic sponsors have encouraged Trump to divest his family's crypto holdings to facilitate the advancement of these regulatory measures. However, the President maintains that legislative deliberations should proceed based on their intrinsic merits. This stance contributed to a delay in the approval of the GENIUS Act, which has only recently advanced from the Senate to consideration in the House of Representatives.
In a related development, Trump has recently called for a streamlined version of the stablecoin-focused legislation, seeking to accelerate its approval process and establish clear regulatory guidelines for this segment of the digital asset market in the United States.
