At a recent press conference, US President Donald Trump discussed his views on the crypto industry, highlighting its importance for the country and local economy.
Support for the Crypto Industry
Donald Trump once again expressed his support for the crypto industry, reminding that he became interested in it even before deciding to run for president in 2022. "I got involved before I decided to run. I was in Bitcoin then, not knowing if I was going to do it a third time," Trump said.
Conflicts of Interest and Legislation
In recent weeks, Democrats have threatened to cancel support for key crypto market structure laws, arguing that the President's myriad profitable crypto ventures present a conflict of interest. Senator Adam Schiff introduced legislation to prevent the financial exploitation of digital assets by public officials, including the President and the First Family. Trump pointed out that his children also invest in various crypto assets and believe in them.
Bitcoin's Role in the Economy
Trump also stated that Bitcoin plays a key role in supporting the United States dollar. "I notice more and more of you pay in Bitcoin. People are saying it takes a lot of pressure off the dollar, and it's a great thing for our country," he noted. The President emphasized that the crypto industry creates jobs for Americans.
Thus, President Trump continues to actively support the crypto industry, emphasizing its importance for economic stability and job creation in the US.
