Trump Says “Crypto’s Important,” Wants To Keep China Away

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President Donald Trump says that crypto is important and that the United States is strengthening domination over China in the space of digital assets.

“I want crypto. I think the crypto is important because if we don't do it, China goes,” said Trump in a interview With Kristen Welker on NBC News, meet the press that was published on May 4. “And it's new, it's very popular, it's very hot,” he added.

Asset

Trump Critique Biden for having “violently” attacked the industry

Jennifer Jacobs of CBS News reported on X Asset wants to keep the crypto “far from China”. According to her, the president warned that if the United States does not build and do not maintain domination in the space of digital assets, “China will take over”, similar to what they have done with artificial intelligence (AI) and “so many other industries”.

Trump said he was a big fan of cryptocurrency – “I want to keep him away from China.”
He said he favors it because “otherwise China will take it back, just like AI, just like so many other industries, or as you want to call them. The crypto is very important.”

– Jennifer Jacobs (@jenniferjjacobs) May 5, 2025

Trump also criticized the previous administration under former president Joe Biden for having “violently” attacked the crypto. Before Trump took over the White House in January, several crypto companies were involved in legal affairs with the Securities and Exchange Commission of the United States under the former anti-Crypto president Gary Gensler.

Since Trump's entry into the White House, the SEC has abandoned several high -level cases against cryptographic companies.

Trump says he is not aware of any benefit from his meme coin

During the CBS interview, Asset was also invited to respond to the criticisms that accused him of having taken advantage of his presidency thanks to the launch of his official play by the same Trump (Trump). At the start, he replied by saying that he “took advantage of anything”.

Subsequently, Welker asked: “So you do not take advantage of cryptocurrency at all?” The president replied by saying that he had not “even looked”.

Which follows a walk analysis By the Financial Times, who found that the parties behind the token earned $ 314 million by selling their assets. He also showed that creators had generated $ 36 million from costs.

Two companies, CIC Digital LLC, which is a subsidiary of the Trump organization, and Fight Fight Fight LLC, which is co -owner by CIC Digital, has collectively 80% of the supply of 1 billion billion memes.