Trump touts crypto as key to U.S. advantage over China
Trump backs crypto, criticizes Biden’s stance
U.S. President Donald Trump publicly reiterated his strong support for cryptocurrency, positioning it as a strategic financial asset and a critical component in the geopolitical race against China.
The remarks come amid growing political attention to crypto policy amid the introduction of new tariffs.
In a recent interview with NBC’s Meet the Press, Trump emphasized that cryptocurrencies remained resilient even as broader financial markets declined.
“When the market went down, [crypto] stayed much stronger than other aspects of the market,” he noted. He framed digital assets not only as economically significant but also as a way to maintain U.S. technological dominance globally: “If we don’t do it, China’s going to.”
Memecoins and сontroversies
Trump’s comments also followed a surge in interest in TRUMP memecoin, which rose sharply after he announced that top holders would be invited to a private dinner. Though he denied personally profiting from the token, the development raised questions about the intersection of political influence and crypto speculation. Critics have voiced concerns about transparency and potential conflicts of interest, though no regulatory body has issued formal action.
A Political divide on crypto policy
Trump used the opportunity to sharply critique the Biden administration’s approach to crypto regulation, accusing it of political opportunism.
“They went after [crypto] violently… then they changed their tune to get votes,” Trump said, referring to earlier crackdowns by the Securities and Exchange Commission under Chair Gary Gensler, followed by a more moderate tone closer to election season.
As digital assets become an increasingly politicized issue, Trump’s statements may signal that cryptocurrency will play a more prominent role in national political debates. His backing could energize retail crypto investors and industry advocates pushing for clearer regulation and technological advancement.
We'll remind you that we wrote earlier that Trump memecoin dinner prize spurs $2.4B surge in onchain transfers.
