{"id":1518,"date":"2025-06-28T00:00:24","date_gmt":"2025-06-28T00:00:24","guid":{"rendered":"https:\/\/jobuzo.com\/en\/trump-claims-he-built-crypto-just-as-his-family-cashes-in\/"},"modified":"2025-06-28T00:00:24","modified_gmt":"2025-06-28T00:00:24","slug":"trump-claims-he-built-crypto-just-as-his-family-cashes-in","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/trump-claims-he-built-crypto-just-as-his-family-cashes-in\/","title":{"rendered":"Trump Claims He Built Crypto\u2014Just as His Family Cashes In"},"content":{"rendered":"
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In a series of bombastic new comments on June 27, President Donald Trump didn’t just embrace the world of cryptocurrency; he claimed to be its founding father. Painting a picture of a failing industry that he single-handedly rescued, Trump cast himself as the visionary who transformed crypto into a “very powerful industry” essential for American dominance.<\/p>\n

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It’s a bold claim, especially for a man who, as recently as 2021, called Bitcoin a “scam” that was “based on thin air.”<\/p>\n

The pivot from crypto’s highest-profile skeptic to its self-proclaimed architect is stark. Speaking at a White House press conference, Trump positioned his involvement as a long-held secret, predating his 2024 run.<\/p>\n

“I got involved with it a couple of years ago, and before the second term,” he said. “I got involved before I decided to run… It’s become amazing. I mean, it’s the jobs that it produces, and I notice more and more of you pay in Bitcoin.”<\/p>\n

This new narrative conveniently overlooks crypto’s actual history, which began with Bitcoin’s creation in 2009 and was shaped by innovators like Ethereum co-founder Vitalik Buterin. Instead, Trump frames himself as the unlikely savior of crypto who saw its potential when no one else did.<\/p>\n

“That was an industry that wasn’t doing particularly well,” Trump claimed, before making his most jaw-dropping assertion: “I’m president, and what I did do there is build an industry that’s very important.”<\/p>\n

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For those who follow the space, the U-turn is whiplash-inducing. In 2021, Trump’s main objection was that crypto was “another currency competing against the dollar,” telling Fox Business that he wanted the dollar to be “the currency of the world.”<\/p>\n

Today, he argues the opposite.<\/p>\n

“I mean, people are saying it takes a lot of pressure off the dollar, and it’s a great thing for our country,” Trump said.<\/p>\n

He now frames crypto not as a threat, but as a strategic asset in a geopolitical chess match against China. “If we didn’t have it, China would,” he declared. “China would love to, and we’ve dominated that industry.”<\/p>\n

While Trump’s rebranding may seem sudden, it follows a period of intense crypto lobbying and a series of pro-crypto moves by his administration. Since returning to the White House, Trump has fully embraced the industry, which many see as the future of finance.<\/p>\n

This new wave of financial services is largely built on blockchain technology, a decentralized digital ledger that records transactions securely without needing a middleman like a bank. This “decentralized finance” (or DeFi) is at the heart of the crypto movement.<\/p>\n

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The Trump administration has actively worked to legitimize it. With the Genius Act, it recently secured passage of a law for stablecoins (a type of crypto pegged to a stable asset, like the U.S. dollar, to reduce volatility) and even announced the creation of a U.S. crypto reserve.<\/p>\n

This regulatory embrace, which also includes his family’s growing crypto empire, has fueled a market rally. Bitcoin is currently trading, according to data firm CoinGecko, over $105,000, and the total value of the crypto market is nearly $3.4 trillion, a colossal recovery from the “crypto winter” of recent years, which saw the spectacular collapse of exchanges like FTX.<\/p>\n

For an industry that has weathered fierce debate and volatility, Trump’s public anointment is a powerful, if revisionist, seal of approval. The man who once saw crypto as an enemy of the dollar now sees it as a patriotic legacy that he personally built.<\/p>\n<\/div>\n

Trump Claims He Built Crypto—Just as His Family Cashes In<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

In a series of bombastic new comments on June 27, President Donald Trump didn’t just embrace the world of cryptocurrency; he claimed to be its founding father. Painting a picture of a failing industry that he single-handedly rescued, Trump cast himself as the visionary who transformed crypto into a “very powerful industry” essential for American…<\/p>\n

Read More “Trump Claims He Built Crypto\u2014Just as His Family Cashes In”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/1518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=1518"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/1518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/1519"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=1518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=1518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=1518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}