Trump shares shocking strategy to take pressure off dollar

Trump shares shocking strategy to take pressure off dollar originally appeared on TheStreet.

President Donald Trump thinks adopting Bitcoin as a payment option can take pressure off the U.S. dollar. He said:

"I noticed more and more you pay in Bitcoin... I mean, people are saying it takes a lot of pressure off the dollar, and it's a great thing for our country.”

Trump made the remarks while responding to a reporter's question regarding his personal crypto ventures at a press conference in the White House on June 27.

A reporter asked the president about many Democrats having talked about not supporting crypto-related bills in Congress only because of his and his family's personal crypto ventures and therefore, him being open to pulling out of these personal crypto ventures just for the next few years so that these bills can pass in the next few months.

Trump's response was, "Well, it's a very funny thing — crypto." He said he became a fan of crypto, and he considers it an "industry."

If the U.S. didn't have the crypto industry, China would lap it up, Trump reasoned.

"We have created a very powerful industry, and that's much more important than anything that we invest in."

Trump continued that the crypto industry wasn't in very good shape earlier, and he got involved with it before he decided to run for president for the second time. The Biden administration was "crooked and incompetent" regarding crypto, but the industry has now become "amazing," he added.

Conflicts of interest

The president finally addressed the involvement of the Trump family with crypto ventures. "I don't care about investing," he said but added that his kids invest in different assets they believe in.

Meme coins, the USD1 stablecoin, Bitcoin mining, and crypto exchange-traded funds (ETFs) — there is hardly any crypto segment that the family isn't involved with.

Story ContinuesTrump reiterated that as the U.S. president, he built the crypto industry, which is very important because if the U.S. didn't, China would.

Since assuming the presidential office for the second term in January, Trump has indeed pursued an aggressive pro-crypto policy. Not only did he sign an executive order to establish the strategic Bitcoin reserve, but his administration is also trying to pass crypto bills related to stablecoins and market structure.

However, Democrats such as Sen. Elizabeth Warren (D-MA) have raised questions over alleged conflicts of interest arising from the Trump family's involvement with multiple crypto ventures.

Trump shares shocking strategy to take pressure off dollar first appeared on TheStreet on Jun 27, 2025

This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.

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