Trump called on the U.S. to become a leader in the cryptocurrency industry
U.S. President Donald Trump stated that he sees no conflict of interest in activities related to stock trading or cryptocurrencies. At the same time, he emphasized that he does not personally manage any business projects and expressed concern over other countries’ growing influence in the cryptocurrency market.
In an interview, Trump noted that there is nothing illegal or improper about his family’s cryptocurrency project.
He also cited U.S. federal law, noting that the president and vice president are not required to recuse themselves from decisions that may affect their financial interests.
According to the U.S. leader, the office of the presidency is so influential that virtually any activity by members of his family could be viewed as a potential conflict of interest.
“I tell my children, ‘Stay out of it.’ But they have their own lives, too. You know, they were in business long before I even thought about… running for president,” Trump said.
Separately, the U.S. president emphasized that he considers cryptocurrency a promising area for the development of the global economy. In his view, the United States must become a global leader in the cryptocurrency industry; otherwise, other countries may take the lead.
Trump also expressed concern about China’s activity in the cryptocurrency market, noting that Beijing could take advantage of the situation if the U.S. loses its leadership in this area.
As a reminder, U.S. President Donald Trump found himself in the spotlight after a speech at the opening of the Theodore Roosevelt Presidential Library in North Dakota. During his speech, he made an ill-advised joke about himself and his sons, and his remarks drew surprise and laughter from the audience.
According to financial disclosures filed with the U.S. Office of Government Ethics, 2025 was a record-breaking year financially for U.S. President Donald Trump.
