Trump Shares Shocking Strategy to Reduce Pressure on the USD

President Donald Trump believes that the adoption of Bitcoin as a payment method could reduce pressure on the US dollar. He stated: "I notice that more and more people are paying with Bitcoin... I mean, people say it significantly helps to reduce pressure on the dollar and that is great for our country." Trump made this statement in response to a reporter's question regarding his personal cryptocurrency activities at the press conference at the White House on June 27. A reporter asked the president about many Democrats saying that they do not support cryptocurrency-related bills in Congress just because of his and his family's personal cryptocurrency projects and therefore, he is willing to withdraw from these personal cryptocurrency projects in the next few years so that these bills can be passed in the coming months. Trump's answer was, "Oh, that's a very funny thing - cryptocurrency." He said he has become a fan of cryptocurrency and considers it an "industry." Trump argued that if America does not have an cryptocurrency industry, China will take it over. "We have created a very strong industry and that is much more important than anything we invest in." Trump continued to say that the cryptocurrency industry was not very good before, and he got involved in this industry before deciding to run for president for a second time. The Biden administration is "deceitful and incompetent" about cryptocurrency, but this industry has now become "great," he added. Conflict of Interest Finally, the president mentioned the involvement of the Trump family in cryptocurrency projects. "I am not interested in investing," he said, but also added that his children invest in various assets that they believe in. Meme coins, stablecoin worth 1 USD, Bitcoin mining, and cryptocurrency exchange-traded funds (ETF) — there is hardly any segment of the cryptocurrency that this family does not participate in. Trump reiterated that as president of America, he built the cryptocurrency industry, which is very important because if America does not, China will. Since taking office for his second term in January, Trump has truly pursued a strong pro-cryptocurrency policy. He not only signed an executive order to establish a strategic Bitcoin reserve fund, but his administration is also trying to pass cryptocurrency bills related to stablecoin and market structure. However, Democratic members like Senator Elizabeth Warren (D-MA) have raised questions about the alleged conflicts of interest arising from the Trump family's involvement in various cryptocurrency projects.