Bitcoin Is ‘Amazing,’ Says Trump, Calling It Good for America
- Donald Trump praised Bitcoin, calling it “amazing.”
- He said Bitcoin has created jobs in the United States.
- Trump stated that Bitcoin has helped relieve pressure on the U.S. dollar.
- He emphasized that his administration has built a powerful crypto industry in the U.S.
- Trump claimed that if the U.S. hadn’t embraced crypto, China would have taken the lead.
Donald Trump Praises Bitcoin and the Growth of the U.S. Crypto Industry
President Donald Trump has expressed strong support for Bitcoin, calling it an “amazing” innovation and highlighting its growing influence in the U.S. economy. In a recent White House press conference, Trump emphasized the progress the United States has made in developing its crypto sector, referring to it as a “very powerful industry.”
Bitcoin: A Strategic Asset for the U.S.
During his remarks, Trump pointed to the positive impact Bitcoin has had, including job creation and its role as an alternative payment method. He suggested that Bitcoin’s rise helps ease reliance on the U.S. dollar, describing its emergence as a “great thing” for the nation.
Trump also underscored the geopolitical significance of crypto leadership, stating that without U.S. dominance in the sector, China would likely fill the void. He reiterated that the U.S. has built a “very big” and influential crypto industry under his leadership—contrasting it with what he claims was stagnation during Joe Biden’s presidency.
Reflecting on the resilience of the crypto market, Trump referenced Bitcoin’s strong performance even during market turbulence, such as when he announced reciprocal tariffs on ‘Liberation Day.’
Advancing U.S. Leadership in Crypto
To further solidify the U.S.’s position in the global crypto landscape, President Trump has signed an executive order to establish a Strategic Bitcoin Reserve. Backing this initiative, Senator Cynthia Lummis introduced the BITCOIN Act, which proposes that the U.S. government accumulate up to 1 million BTC over the next five years.
In addition to this, Congress is pushing forward legislation to provide clearer regulations for the crypto sector. The GENIUS Act, which focuses on stablecoin regulation, has already passed the Senate and is now being considered in the House. The CLARITY Act, another key bill, aims to support broader crypto industry regulation in alignment with Trump’s vision.
According to reports from CoinGape, Trump has urged the House to approve the stablecoin bill without amendments, asserting that the legislation is already well-crafted and should be passed swiftly.
