Trump says he became ‘a big crypto guy’ partly for politics

Summary

Trump said he became pro-crypto mainly for political and strategic reasons, claiming he saw the industry’s rapid growth and worried China could dominate it. He said he was not initially interested in crypto, but later realized many voters supported it and that it was “a huge industry.” He acknowledged that money also influenced his view, saying he noticed “a lot of money” flowing into Bitcoin and other tokens. The shift contrasts with his first-term stance, when he called Bitcoin “a scam” and said he was “not a fan.” Trump also distanced himself from his family’s crypto business interests, saying he does not discuss them, despite their ties to World Liberty Financial and his own large crypto-related earnings. He claimed the Biden administration dropped crypto investigations after he turned pro-crypto, while noting that enforcement actions were also halted or settled under his administration.