President Donald Trump has once again reiterated his support for cryptocurrency, linking his position to a broader strategic effort to counter China’s influence in emerging technologies.
“I’m a big fan of crypto because I want to keep it away from China,” Trump said Sunday evening, as he returned to the White House from Palm Beach, Florida, where he hosted the Republican National Committee’s Spring Gala.
“Crypto is a whole new thing that started, you know not so long ago,” he added. “But I’m very much in favor of crypto because otherwise China is going to take it over and just like AI, just like to many other industries, whatever you want to call them, crypto is very important.”
The remarks come amid growing scrutiny from Democrats over members of Trump’s inner circle who are financially involved in crypto ventures that could benefit from his policy decisions.
Trump has recently unveiled a Bitcoin reserve strategy at the White House Crypto Summit, marking a significant shift in U.S. crypto policy.
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