In a bold public statement, President Donald Trump declared that Bitcoin and the broader cryptocurrency sector are “much more important than any other industry” in America today.
Speaking in a recently aired interview, Trump emphasized his belief that crypto is not only a legitimate economic force but a critical strategic industry for the United States.
He explained that had the U.S. failed to embrace crypto, China would have likely seized global dominance in the space.
Trump also noted that cryptocurrencies like Bitcoin have shown resilience, performing better than traditional financial markets during recent downturns.
Framing his involvement as transformative, Trump credited his past administration’s actions with helping turn crypto from a struggling sector into a major U.S. industry.
Strategic Framing of Crypto as a National Security Issue
Trump didn’t mince words when it came to positioning the crypto industry as a pillar of American innovation and economic competitiveness.
He argued that the U.S. must continue to support crypto development ahead of China, not just for financial gain but to avoid falling behind geopolitical rivals like China.
“We’ve dominated that industry,” he said, suggesting that cryptocurrency offers a strategic edge and warning that U.S. retreat from it would allow adversaries to fill the void.
He described the crypto space as job-producing, dollar-lightening, and essential for modern economic resilience.
Trump stated that he began paying attention to crypto even before announcing his latest run for president, hinting that its rise influenced his political comeback.
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Blames Biden for Regulatory “Debanking” of Crypto Companies
In a follow-up conversation, President Trump took direct aim at the Biden administration for what he labeled as “debanking”.
The alleged practice of pressuring financial institutions to cut off services to crypto-related companies.
He called this crackdown “very bad and very dangerous,” asserting that regulators, not banks themselves, are behind this systematic discrimination.
Trump claimed that regulators hold enormous power over banks, instilling fear and compliance, even among high-level executives.
He recounted personal experiences where he believes politics led to unfair banking treatment, blaming the Biden administration’s regulatory agencies for using financial pressure to suppress politically disfavored industries like crypto.
Also Read: Donald Trump Backs Off Firing Fed Chair Jerome Powell, Crypto Markets Now Await Rate Cuts
Debanking Persists Despite Trump’s Return to Office
Despite retaking office, Trump acknowledged that the issue of crypto debanking has not disappeared. He stated that regulators still wield unchecked influence, capable of crippling banks and industries at will.
While Trump did not commit to issuing an executive order to halt the practice, he emphasized that regulatory overreach remains a pressing problem in the financial system.
He stressed that the regulatory apparatus operates independently of elected officials, making it difficult to control without deeper institutional reform.
As the crypto industry continues to expand, Trump’s framing of it as both an economic and political battleground signals that digital assets will remain a major issue heading into future policy debates.
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