Trump Gives Wishy-Washy Answer when asked about divesting from crypto

President Donald Trump did not answer a journalist’s question to move to his family’s crypto companies in order to ensure the adoption of cryptocurrency’s key legislation, saying that the United States did not have crypto, China or other countries.

“Many Democrats have said that they would not support Crypto bills at Congress only because of you and your personal cryptographic companies in your family,” a journalist said at the White House on Friday.

When asked if he planned to disintegrate his cryptographic companies to mitigate political pressure on digital assets law on congress, Trump replied:

“I became a crypto fan, and for me, it’s an industry. I consider it an industry and I am president. And if we didn’t have it, China would do it, or someone else, but most likely China would like, and we dominated this industry.

We have created a very powerful industry, and it is much more important than everything we invest, “said Trump.

The growing concern of legislators concerning Trump cryptocurrencies and the potential conflict of interests threaten to derail efforts to establish complete regulations for industry, a political objective which has gradually obtained bipartisan support since 2024.

In relation: The former superior regulator of the United States warns of conflicts of interest while the Senate weighs the structure of the market

Democratic legislators move to respond to conflict of interest problems

The Senate adopted the draft law on the stable engineering during a vote of 68-30 on June 17, without proposed modifications of the Democratic legislators seeking to limit the participation of an American president in the cryptographic industry.

The California senator, Adam Schiff, presented the official income law on Monday and non-disclosure (corner). The bill would prohibit the president, his family and civil servants in the executive power to issue or approve any digital active.