Donald Trump

Biden

President Donald Trump

US President Donald Trump says he got involved in crypto “for politics” and became pro-crypto after seeing how much money the industry was making.At a press <a href="https://www.youtube.com/watch?v=LoLv8-Z6zS8" rel="noopener noreferrer nofollow">conference</a> in the Oval Office on Monday to announce “Trump Accounts,” an investment account for children under 18, Trump was asked whether the accounts would allow for Bitcoin (BTC).“I’ve become a big crypto guy only for one reason: If we don’t have it, China’s going to have it,” Trump answered. “I’m a fan, I wasn’t initially, I didn’t know much about it, but, for some of my first term, I wasn’t much involved, and I watched it grow, and it's a huge industry.”“I got involved in it a little bit for politics,” Trump added. “I realized there are a lot of people that love crypto.”The comments shed new light on why Trump pivoted his stance towards crypto. In his first term, Trump said he was “not a fan” of crypto and called Bitcoin “a scam.” Since then, he and his family have built deep business interests in crypto, and Trump has faced criticism for his pro-crypto stance while being connected to the industry.“As a businessman, I see a lot of money starting to come in with Bitcoin and, you know, the different forms, and I said: ‘This thing’s got a lot of life,’ and then I hear China was going to make a heavy move on it,” he added. “If we didn’t do it, China would do it.”Trump’s pro-crypto pivot attracted the help of the crypto lobby, which spent around $170 million in the 2024 election to help elect mostly Republicans, and is set to spend even more backing pro-crypto candidates in the November midterms.<img alt="" height="652" src="https://s3-images.ctmedia.io/media/content/pasted-image-1913.png" width="1165">Donald Trump speaks to reporters about “Trump Accounts” at the White House on Monday. Source: <a href="https://www.youtube.com/watch?v=Dw0XLmEeGUQ" rel="noopener noreferrer nofollow">YouTube</a><h2 id="trump-says-he-doesn-t-talk-to-family-about-crypto-interests">Trump says he doesn’t talk to family about crypto interests</h2>Trump said he doesn’t talk to his family about their involvement in crypto, an area that made him more than $1.4 billion last year, according to <a href="https://cointelegraph.com/news/trump-earned-more-from-crypto-than-real-estate-in-2025-filings-show" rel="noopener noreferrer nofollow">financial disclosures released</a> June 30.Trump and his sons are listed as co-founders of World Liberty Financial, a crypto platform that generated a large portion of Trump’s crypto-related income last year, but the president said his interest in crypto is “not a question of a personal thing.”Related: <a href="https://cointelegraph.com/news/donald-trump-crypto-investments-president-profit-office" rel="noopener noreferrer nofollow">Donald Trump says ‘nothing wrong’ with $1.4B crypto windfall while in office</a>“I let my kids do whatever the hell they do. I don't talk to them, ever, talk to them about it,” Trump said.Trump claimed that the Biden administration “dropped all investigations” related to crypto when he “went very pro-crypto.”&nbsp;However, under the Trump administration, the Securities and Exchange Commission stopped multiple investigations and withdrew or settled enforcement actions filed against crypto companies, some of which had donated to Trump.“Every time I see a crypto guy where they dropped an investigation, I said: ‘You’re lucky I’m president,” Trump said.Magazine: <a href="https://cointelegraph-magazine.com/sbf-will-never-get-a-pardon-trump-peace-deal-boosts-bitcoin-hodlers-digest-june-14-21/" rel="noopener noreferrer nofollow">SBF will never get a pardon, Trump peace deal boosts Bitcoin: Hodlers Digest</a>

Trump says he became ‘a big crypto guy’ partly for politics

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