Trump sidesteps question about ‘pulling away’ from personal crypto ventures

President Donald Trump once again gave supportive remarks about the crypto industry on Friday while sidestepping a question about pausing from his personal crypto ventures for the next two years.Trump was asked if he was open to "pulling away" in order to help get various crypto-related bills passed through Congress, which have faced obstacles from Democrats who oppose his direct involvement in the industry."I became a fan of crypto and to me it's an industry," Trump said, "and if we didn't have it, China would or somebody else would, but most likely China."Washington lawmakers have been working for months to pass a crypto market structure bill as well as on other efforts to create a federal regulatory framework for stablecoins, The Block previously reported. Last month, Rep. Maxine Waters and 14 other Democratic co-sponsors introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025,” just hours ahead of a gala hosting Official Trump memecoin holders.Trump said he got involved with bitcoin a "couple of years ago" before deciding to run for his second term."I notice more and more of you pay in bitcoin," Trump continued. "People are saying it takes a lot of pressure off the dollar, and it's a great thing for our country."Eric Trump said this month that the Official Trump memecoin "has aligned" with World Liberty Financial, the DeFi project launched last fall with the support of President Trump and his family. Trump Media and Technology Group recently announced plans to build one of the largest corporate bitcoin treasuries."I have kids and they invest in different things," Trump concluded. "They do believe in it. But I'm president. And what I did do there is build an industry that's very important. And you know, if we didn't have a China would."Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.