Trump reaffirms support for cryptocurrencies while avoiding questions about conflict of interest

Donald Trump reiterated his support for the crypto industry during a recent event, avoiding questions about a possible pause in his personal business related to crypto, this at the rate of controversy due to possible conflicts of interest.

***

• Trump considers that cryptocurrencies strengthen the United States against China.
  
• He was questioned for his double role as the driver of the sector and influential politician.
• He did not clarify whether he will suspend his businesses in the sector, in the light of a possible conflict of interest.
  
• The Trump family gets more and more involved in the crypto world and DEFI.

President Donald Trump returned to express his support to the crypto industry during a public event held today, this while dodging questions about whether he would pause his personal activities related to digital assets now that he appears as an American president.

During the interview, reviewed by various media, Trump was consulted specifically on whether he would be willing to “Depart” temporarily of the sector to facilitate the approval of crypto laws in the Congress, initiatives that have faced resistance from Democratic legislators concerned about their direct influence on the ecosystem.

“A strategic industry”

“I have become a fan of cryptocurrencies. For me it is an industry”Trump said. “If we did not have it, it would have China or another country, but most likely it would be China.”

During his speech, Trump also made direct reference to Bitcoin, revealing that he began to get involved in the subject “A couple of years ago”, Just before deciding to compete again for the presidency.

“More and more people pay me in Bitcoin”, said. “Many claim that this reduces the pressure on the dollar, and it is something very positive for our country.”

These statements are added to a pattern of public statements that reinforce their interest in promoting a narrative where cryptocurrencies represent a geopolitical and financial advantage for the United States.

The role of his family and companies

In recent days, Eric Trump declared that memecoin $ Trump “It has aligned” with World Liberty Financialproject DEFI launched in the past fall with express support from the family of the now president.

Besides, Trump Media and Technology Group – company linked to the president – announced his intention to build one of the corporate treasury of Bitcoin larger on the market, and is also aspiring to stock market products based on BTC and Ethereum.

“My children invest in different things,” Trump explained. “They believe in this. But I am president. And what I did was build an industry that is now very important. If we did not have it, China would have it.”

Political implications

Trump’s double role as a political figure and promoter of Crypto initiatives has been criticized by sectors that consider that there could be a conflict of interest. However, its strategy seems aimed at capturing the enthusiasm of a young and technologically inclined base, in addition to aligning with decentralized financial trends that gain prominence.

For now, Trump has not given signs that he will limit his personal activities in the crypto space, which could become a key discussion point during the 2025-2026 electoral cycle.

His statements occurred in a context of growing legislative efforts in Washington to establish a clear regulatory framework around cryptoactive ones. In particular, projects on market structure are discussed (Clarity Act) and the federal regulation of the stablecoins (Genius Act).

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter