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President Donald Trump said bitcoin (BTC) Transactions “exert great pressure from the dollar” and claimed that the US leadership in digital assets block China in the dominant sector.
He brought comments during the White House press conference on June 27, which took place after he described as the main victory of the Supreme Court for his administration.
Trump called the cryptocurrency “industry” and said he had become a “crypto fans” a few years ago. He noted that during the last market drop, bitcoins and other tokens dropped less than stocks and claimed that the US “created a very powerful industry” that now produces jobs and investments.
He added that more traders are now accepting bitcoins for payments and repeating his opinion that if the US does not raise digital assets, “China would.”
Personal shares attacked Capitol hill
The reporter asked whether Trump would suspend the cryptocurrency companies of his family so that the indeterminates of the Democrats could support the waiting legal regulations on digital property.
Trump rejected and said his sons were managing a portfolio and that he “didn’t care about investing” in the office. He said that the American dominance in this sector cares more than personal financing and insisted that his involvement prevents Congress negotiations.
The President’s family is currently involved World Liberty Financial (WLFI), credit market with own stablecoin, USD1.
Moreover they formalized bonds With the team behind each other TRUMP MEMECOIN 6th June with Eric Trump He added that WLFI would gain considerable position in the token for their treasury.
The aim of proposals for accounts in the house and the Senate to provide clarity of topics related to the cryptocurrencysuch as a determination where the tokens qualify as securities, creating a federal license for trading platforms and creating and Stable -frame in the USA.
Democratic sponsors urged Trump to sell to help the action to help, but the President said that legal debates should continue their own merit. As a result, there was a delay in the approval of the brilliant law, which only recently had the Senate proceeded in the house.
Meanwhile Trump recently called For a pure version of a bill focused on Stablecoin, which streamlines its approval and creates a clarity for this market in the US.
