Key dealers
- President Trump stated that crypto assets can withstand the market better than other assets.
- The Trump -token increased over 70% after announcing exclusive mattress for its top holders.
Trump has strengthened his pro-Crypto setting and said that crypto assets have remained resilient during the declines on the market and are now being generally embraced. The president has said that the United States must lead in innovation or risk of digital access or risks behind countries such as China.
“I want crypto,” Trump said in a interview With NBC News “meets the press this week. The president was asked how he responds to people who express concern about the possibility that he serves from the chairmanship.
“I think crypto is important because if we don’t, China will,” he said. “It’s new. It’s very popular. It’s very hot.” He added that crypto during the market declines “stopped much stronger than other aspects of the market.”
Trump noted that crypto is too important to ignore and point to the great assembly scale as a driving force behind his pro-crypto attitude. He also accused the Biden administration of originally cracking to crypto but later softened its attitude for political gain.
Pressed if he stands to benefit from the official Trump token (Trump), the president said he “did not benefit from anything”, emphasizing that his support of crypto began long before the presidential campaign.
“I haven’t even looked,” Trump said, leaving that “if I own stock in something, and I do a good job, and the stock market is increasing, I guess I’m serving.”
Trump said he had contributed the entire presidential salary to the government. When asked if he would contribute any crypto -related revenue, he replied that he had never considered it.
“Should I contribute with all my properties that I have owned for many years if it goes up a bit because I am president and do a good job? I don’t think so,” he said.
The president added that he plans to continue to contribute his salary during his current term of office.
The Trump token, which once reached a market capitalization of almost $ 15 billion, has experienced a steep decline after President Trump’s inauguration. At the press time, its market capital was approximately $ 2 billion, Per Coinmarketcap.
Last week, token increased more than 70% After the news broke President Trump would host an exclusive dinner for the best Trump token holders. The event is scheduled for May 22 at the Trump National Golf Club and will be limited to the 220 best wallet holders.
The announcement has led to two -party concerns.
Senators Elizabeth Warren and Adam Schiff have required an ethical investigation, With reference to potential “pay to play” practice and the risk of personal enrichment through the sale of the president’s access.
Even some of Trump’s allies have expressed concern. Senator Cynthia Lummis, a vocal suspender of Trump and a prominent bitcoin advocate, expressed her discomfort.
“This is my president that we are talking about, but I’m willing to say that this gives me a break,” Lummis said according to CNBC.
