United States President Donald Trump has reiterated his pro-crypto view, recently pointing out the resilience of Bitcoin and other cryptocurrencies during market downturns.
The president reinforced his belief that America must lead in digital asset innovation or risk falling behind other nations like China.
“I Want Crypto”
In a recent exclusive interview with NBC News, President Trump noted that the crypto sector has gained significant traction despite being rather nascent. Trump believes “hundreds of millions of people” are dabbling with crypto.
Trump further stressed that despite its budding nature, the crypto ecosystem is growing harder than most other aspects of the market. He emphasized that Bitcoin “stayed much stronger than other aspects of the market” during market-wide corrections.
“I want crypto,” the pro-crypto president posited when asked how he responds to people concerned about his possibility of profiting from the presidency. He stated that crypto is necessary for the United States and that the country risks losing innovation to China if it does not step up.
The president observed that crypto has become too important to ignore, pointing to the sheer scale of adoption as a key factor behind his pro-crypto stance. He also accused the Biden-Harris administration of going after crypto but later softening its stance to get votes from the huge population of crypto faithful.
Trump Pushes Back Against Claims of Profiting From $TRUMP Token
President Trump also denied claims that he is profiting from the TRUMP memecoin, his official Solana-based cryptocurrency that debuted just days before his inauguration.
CIC Digital LLC controls the wallets of the token’s biggest holders, an entity that was also used for his non-fungible token collections. Notably, CIC Digital currently owns approximately 80% of the TRUMP tokens.
“I’m not profiting from anything,” Trump told NBC, adding that he hadn’t looked at the token’s performance and that any financial benefits would be unexpected. “If I own stock in something, and I do a good job, and the stock market goes up, I guess I’m profiting,” he explained.
Trump claimed that he had contributed his entire presidential salary to the government. When queried whether he would contribute any crypto earnings, the US president said he has not considered it.
“Should I contribute all of my real estate that I’ve owned for many years if it goes up a little bit because I’m president and doing a good job? I don’t think so,” he postulated.
The TRUMP memecoin, which once hit a market cap of over $14 billion, has slumped in recent months. The token’s market cap hovers at $2.2 billion as of publication time, according to CoinGecko data.
Last week, the token rocketed 65% after the White House announced that President Trump is set to host an exclusive dinner for the top 220 holders of the $TRUMP token at his private, members-only Club in Washington, D.C.