US President Donald Trump insists that he has no financial stake in the rise of cryptocurrencies, particularly the memecoin bearing his own name, TRUMP. Though some might find it hard to believe, Trump claims that he promotes digital assets out of principle, not profit.
Trump has dismissed speculation that he profits from promoting digital tokens, including the TRUMP coin. He asserts that he has no financial interest in their performance. He has previously argued that simply holding assets while contributing to broader market growth does not necessarily equate to personal gain, a nuanced defense that analysts view as carefully crafted.
Although Trump has distanced himself from direct profits, he continues to champion the vision of making the United States the “crypto capital of the world.” He believes that the US should lead the way in the digital asset space. The president also highlighted that cryptocurrencies have shown greater resilience than many traditional assets during recent market shocks. According to Trump, cryptocurrency could become a pillar of America's economic dominance.
He paid special attention to the relationship between digital assets, particularly Bitcoin, and the US dollar. In Trump's view, cryptocurrency does not pose a threat to the greenback. On the contrary, he believes that the growth of the crypto sector could reinforce America's role as the global financial leader.
However, Trump voiced concern over China's rapid digital development, warning that Beijing's progress in crypto and blockchain could endanger US technological leadership. "We need to seize the initiative," he said.
Nevertheless, despite all the rhetoric, Trump has yet to present a concrete plan for implementing national crypto regulations. According to analysts, this raises questions about whether his remarks are more campaign rhetoric rather than actionable policy and whether they are a calculated appeal to the crypto-savvy electorate.
Previously, Donald Trump's memecoin launched by the Trump family saw a surge in trading activity. Although its price has since declined from its peak, the token continues to attract attention across crypto markets.
