U.S. President Donald Trump Doubles Down on His Pro-Crypto Stance

U.S. President Donald Trump is doubling down on his pro-crypto stance—and he's not holding back. Read on to get the details.

U.S. President Donald Trump is known for speaking his mind, and recently, he pulled no punches when discussing his thoughts on crypto.

In a recent interview with NBC News’ Meet the Press, Trump clarified his stance on crypto, stating that he believes it’s the future and the U.S. needs to lead or risk falling behind countries like China.

Trump says digital assets stayed strong during downturns and warns the U.S. risks falling behind China if it doesn’t embrace crypto innovation. “If we don’t do it, China is going to do it,” says U.S. President Donald Trump. He also said digital assets have become too popular and widely used to be ignored.

Credit: NBC

What did Trump highlight?

The former president noted how digital assets, like BTC, stayed strong during the recent stock market crash. He also pointed out the vast popularity and usage of digital assets.

“The crypto market was much stronger than the stock market. They crashed, and the crypto market went up. It’s very popular, it’s very hot,” Trump said.

Earlier this year, rumors swirled that Trump could be investing in Web3 projects.

Moreover, Trump highlighted the speed at which technology is advancing and how the U.S. must stay ahead in innovation. Otherwise, other nations like China will dominate the digital economy.

And while many critics have questioned whether Trump’s support for crypto is financially motivated, especially with the existence of the TRUMP token, Trump pushed back.

“I’m not profiting from anything. I couldn’t care less. I don’t even look at the token. I have no idea. They can put it up 500%. I’m not going to be interested. I’m not going to be involved in anything. I’m not profiting from anything,” Trump said.

He also pointed out that he donated his full presidential salary and plans to continue doing so. And when asked if he’d donate any earnings from crypto, Trump said he hadn’t considered it.

“Should I contribute all my real estate if it goes up because I’m doing a good job? I don't think so. I’m going to pay taxes on it. I’m going to be very happy.”

The TRUMP token controversy

The TRUMP token, which at one point had a market cap of $15 billion, has since dropped to $2 billion. However, last week, it witnessed a 70% surge. This happened after Trump announced he would host a private dinner on May 22 at Trump National Golf Club for the top 220 TRUMP token holders.

This move sparked concerns, leading Senators Elizabeth Warren and Adam Schiff to call for an ethics investigation. They warned this could look like a “pay-to-play” situation.

Even some of Trump’s allies, like Senator Cynthia Lummis—a strong voice for Bitcoin, raised concerns.

“This is my president we’re talking about, but this gives me pause. I’m not sure it’s a good idea. It’s going to be an interesting event to watch. It’s going to be an interesting time in the spring of 2025 to see what the pay-for-play implications are going to be,” Lummis stated.

Despite being a known crypto fan, Lummis has voiced worries about the potential implications of such an event.

Despite the rumors regarding Trump investing in Web3 projects earlier this year, the former president recently clarified that he doesn’t personally own any cryptocurrencies.

What are the implications for the next election?

If anything, Trump’s comments suggest that crypto could become a key issue in the next presidential election. He is positioning it as a symbol of innovation, global competition, and economic strength.

Whether people agree or not, crypto is now part of the political conversation—and it’s not going away anytime soon.