US President Donald Trump recently refrained from committing to divesting his family's cryptocurrency ventures despite increasing concerns from lawmakers about potential conflicts of interest. At a White House press conference on June 27, 2025, Trump emphasized the strategic importance of crypto, stating that if the US did not lead in the sector, countries like China would dominate it.
Key points: Trump said he became a fan of the crypto industry years ago and views it as a powerful sector critical to the US economy and global competitiveness. He noted that Bitcoin (BTC) transactions alleviate pressure on the US dollar and pointed out that cryptocurrencies had better resilience compared to equities during the recent market downturn.
Democratic lawmakers have expressed reluctance to support crypto-related bills due to Trump’s family's involvement in digital asset enterprises. For example, the GENIUS Stablecoin Act passed the Senate but has faced delays in the House partly due to political tensions. Senator Adam Schiff proposed the COIN Act aiming to prohibit the president and his close officials from issuing or endorsing digital assets to prevent conflicts of interest.
Trump’s family is involved in several crypto-related ventures including World Liberty Financial (WLFI) which issues the USD1 stablecoin and is associated with the TRUMP memecoin. Despite calls for divestment to ease bipartisan support for crypto legislation, Trump stated that personal holdings should not hinder progress on statutory debates.
The draft bills under consideration aim to clarify regulatory frameworks for cryptocurrencies in the US, including defining when tokens qualify as securities, regulating trading platforms, and establishing guidelines for stablecoins. The ongoing debate reflects a balance between fostering innovation and preventing regulatory capture or conflicts of interest.