President Donald Trump Has Again Advocated for the Crypto Industry

President Donald Trump has again advocated for the crypto industry, recently pointing out the resilience from Bitcoin and crypto in the latest market turbulence.

The interview covered a vast range of topics, from his administration's successes to his plans for the future. However, one subject that repeatedly arose was Trump's interest in crypto.

The former president, who is known for his outspokenness, did not hesitate to share his thoughts on crypto with the NBC News reporter. He spoke candidly about his belief that crypto is essential for the United States and that the country risks losing innovation to China if it does not step up.

Trump also highlighted the sector's growing global relevance, especially in comparison to other financial institutions. He pointed out that crypto is still in its nascent stages yet has managed to garner more attention and support than most other sectors.

Notably, Trump took to lobbying the crypto industry itself before the November election, earning not just their votes but also financial contributions. According to his latest comments, "hundreds of millions of people" are now engaging with the nascent industry.

However, he accused the former administration of a late pretense to buy votes from the growing population of crypto faithful.

Furthermore, Trump stressed that despite its newness, the sector is booming more than most other aspects of the market. For instance, he pointed out that Bitcoin (BTC) showed more resilience than other sectors, like US stocks, during the latest market turbulence.

Recall that the crypto market initially maintained a correlation with risk-on assets during the tariff trade war but decoupled later on. Bitcoin has since recovered more than US stocks, establishing its resilience and value as a hedge against uncertainties.

However, his words of support for crypto have sparked criticism, with some accusing Trump of cashing in big with his support for the sector.

To this, the pro-Bitcoin president replied that crypto is not his cash cow. He stated that he has been in favor of cryptocurrencies for a long time, even before the November elections.

“If they gave me a stock that went up a lot because I was president and made the economy great, does that mean I’m profiting? I didn't even look at my crypto to see if it went up or down," Trump stated.

According to Trump, he keeps his administration officials in check and does not interfere with the regulatory bodies in any way.

Remarkably, Trump and his family have been in the spotlight for their increased exposure to the crypto sector. The president's TRUMP token launch has been a point of criticism, with the backlash citing a conflict of interest.

Additionally, the Trump family's World Liberty Financials (WLFI) business ventures, among other things, have also sparked speculation that he may be breaking ethics.

Nonetheless, Trump seems resolute on his ploy to make America the crypto capital of the world.