Trump Gives Wishy-Washy Answer when asked about divesting from crypto
US President Donald Trump did not respond to a question about divesting from his family's cryptocurrency ventures to facilitate cryptocurrency legislation. He emphasized the importance of the US maintaining a strong presence in the crypto industry, stating that without it, countries like China would dominate. Concerns among lawmakers regarding Trump's crypto ties and potential conflicts of interest could hinder efforts to establish comprehensive regulations, which have gained bipartisan support since 2024. The Senate passed the GENIUS Stablecoin bill without amendments addressing presidential involvement in crypto. California Senator Adam Schiff introduced the COIN Act to prevent the president and executive officials from endorsing digital assets, citing corruption linked to Trump's crypto activities.
