US President Donald Trump immediately avoided commenting on the controversy around his family’s crypto companies on Friday.
During a press conference of the White House, Trump was asked if he would consider creating his crypto investments in the interest of accepting digital assets legislation.
The president woven through countless subjects in his response.
“Yes, well, it’s a very funny thing, crypto. So I became a fan of crypto, and for me it is an industry. I see it as an industry, and I am president, and if we didn’t have it, China would do that, if someone else, but probably China. China would like it. And we have dominated that industry.
It is a large industry by the way. When the stock market recently dropped, Crypto and Bitcoin, and all that, much less than anyone else as a group. And we have created a very powerful industry, and that is much more important than everything we invest in. We invest in it, but really, that was an industry that did not work very well.
I became involved a few years ago for the second term – I became involved before I decided to run. I only decided to run because I saw what happened and Biden was incompetent and the administration was Schev and Incompetent, and I was then in Bitcoin, not knowing if I would do it a third time.
So it has become great, I mean the jobs that it produces and I notice that you are increasingly paying in Bitcoin and people say it takes a lot of pressure from the dollar, and it is great for our country, so I don’t care about investing, you know that I have children and they invest in different things, they believe in it, but I am very important in it. And you know that if we didn’t have it, China would do that. “
Earlier this week, the American Senator Adam Schiff introduced a new bill that strives to prevent Trump and his family members from being enriched through crypto.
The potential legislation, entitled The Curbing Officials’ Incoming and Nond Disclosure (Coin) Act, would prohibit the President, Vice President, High-ranking employees of the executive, special government employees and congress members of the Congress Digital Assets.
The prohibition would last two years thereafter from 180 days prior to the public services of a person, and it would also extend to the immediate family members of civil servants.
The recent financial disclosure of Trump at the US office of the public ethics indicated that he had more than $ 57.3 million in income from the Decentralized Finance (Defi) Platform World Liberty Financial (WLFI) in his pocket.
Income from Trump’s controversial memecoin, official Trump, was not mentioned on the disclosure because it was released in 2025.
Ethereum (ETH) Founder Vitalik Buterin said earlier this year that political coins represented ‘vehicles for unlimited political bribery’.
In a letter from February to the US Department of Justice (DOJ) and the Office of Government Ethics, officials from the Non -Profit Consumer Interest Organization Public Citizen argued that Trump could be contrary to the federal legislation that regulates gifts to government functions.
https://www.youtube.com/watch?v=XKGLELA6L6O
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