- Trump reaffirmed support for crypto and dismissed calls to pause his personal involvement despite ongoing legislation.
- He linked U.S. crypto leadership to national competitiveness, warning China could fill the gap if America doesn’t lead.
- Trump family ventures and memecoins remain active, while regulatory efforts in Congress continue to face partisan friction.
President Donald Trump doubled down on his support for the crypto industry on Friday, brushing off a question about whether he should back away from his own crypto ventures while legislation is in the works. His answer? Not exactly a yes. Trump said he’s a fan of the space and believes if the U.S. doesn’t dominate it, someone else—probably China—will.
While some lawmakers have raised concerns about Trump’s personal involvement potentially complicating regulatory efforts, he seemed unbothered, framing his support as a strategic move for America. “It’s an industry,” he said plainly, “and if we didn’t have it, China would.”
Regulatory Tug-of-War in Washington
Capitol Hill is still tangled up trying to build a clear regulatory framework for crypto. There’s the long-discussed market structure bill and a stablecoin plan that keeps running into political friction. Just last month, Rep. Maxine Waters introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025”—a not-so-subtle jab at Trump—right before a gala for holders of the Official Trump memecoin.
Democrats remain skeptical of Trump’s direct crypto ties, especially with bills stalled. But Trump, as usual, isn’t backing down. In fact, he revealed he got into Bitcoin a “couple of years ago,” well before his second presidential run gained traction.
Trump Memecoins, Bitcoin Payments, and Family Ties
The former president also noted how crypto is becoming more mainstream—even suggesting people are using Bitcoin for payments more often now. “It takes a lot of pressure off the dollar,” he said, calling it a net positive for the U.S.
Meanwhile, Trump’s family has leaned in hard. Eric Trump recently confirmed that the Official Trump memecoin has “aligned” with World Liberty Financial, a DeFi project linked to Trump-world. And Trump Media and Technology Group just announced plans to build one of the largest corporate Bitcoin treasuries.
Trump wrapped up his comments with a nod to his kids, who he said believe in crypto too. “What I did do there is build an industry,” he said. “And you know, if we didn’t have it, China would.”
