President Donald Trump has said his support for cryptocurrency is partly politically motivated. We break down the details.
During a presentation of Trump Accounts investment accounts for minors, he called himself a “big fan of crypto” and explained:
“I got involved partly because of politics, because I realized a lot of people love cryptocurrencies.”
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Trump emphasized that if the US doesn’t embrace digital assets, China will. During his first term, he called bitcoin a “scam,” but now he acknowledges its significant potential.
At the same time, the president said he does not discuss crypto business with his children–despite the family earning hundreds of billions from crypto-related projects.
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‘If Not Us, Then China’: Trump’s Political Motivation
During the launch event for new minor investment accounts, the president was asked whether bitcoin (BTC) could be included in those portfolios. While he didn’t give a direct answer, he said he is a “big supporter of cryptocurrency.” He explained his position in terms of global competition:
“If we don’t have it, China will.”
The president acknowledged he wasn’t initially a cryptocurrency fan but watched the industry grow and saw how much money it was generating.
“Even I, as a businessman, saw that big money was starting to come with bitcoin. I told myself: there’s life in this,” he added.
The statement contrasts with his earlier rhetoric, when he called bitcoin a “scam.” Since then, Trump and his family have built an extensive crypto business, raising questions about potential conflicts of interest.
Learn more: Trump Family Crypto Failures — Why WLFI, ABTC, and TRUMP Token Collapsed
Trump Distances Himself From Family Crypto Business
Trump also addressed his family’s crypto projects, which have become a subject of controversy in Washington. Last week, the Office of Government Ethics published the president’s financial disclosure, revealing hundreds of billions in bitcoin and Ethereum (ETH) linked to his family’s crypto company, World Liberty Financial (WLFI). The president said he does not discuss this activity with his children:
“I don’t talk to them about it. I let my kids do what they want… I don’t ask them about it because this office is a much higher calling.”
Read more: WLFI Crypto Price Prediction 2026: Why the Token Is in a Permanent Downtrend and Keeps Falling
Ethics Debate and Crypto Regulation Bill
Trump’s financial disclosure has intensified Washington debates over conflicts of interest in the crypto industry. Lawmakers are working on a bill that would, for the first time, regulate digital assets at the federal level. Negotiators from both parties have spent months debating ethics provisions that would limit profits from digital assets for presidents, vice presidents, members of Congress, and other federal officials while in office.
Trump himself earned more than $1.4B from crypto assets last year, adding to scrutiny of his position. Still, he insists his crypto support is about national competitiveness–not personal gain.
Learn more: Is TRUMP Official Coin a Scam? Price Collapse Continues for Over a Year
