Trump Claims He Built Crypto—Just as His Family Cashes In

In a series of new comments on June 27, president Donald Trump did not adopt the world of encrypted currency; He claimed to be her founding father. He drew a picture of a failed industry that saved it on its own, Trump threw himself as the insight that turned encryption into a “very strong industry” necessary for American domination.

It is a bold claim, especially for the man who, recently in 2021, was called Bitcoin A “fraud” that was “based on the delicate air.”

The axis of the highest doubt in Crypto for its architect announced itself is Stark. Speaking at a White House press conference, Trump laid his involvement in a long -term break, of the foregoing of 2024.

“I was involved with her two years ago, and before the second period,” he said. ))

This new novel overlooks the actual history of Crypto, which began to create Bitcoin in 2009 and was formed by creators like the co -founder of Ethereum Vitalik Buterin. Instead, Trump frames himself as an unlikely savior of the encryption he saw his potential when no one else did.

“This was a special industry that was not particularly good,” Trump claimed, before it was more assured of the jaw: “I am a president, and what I did there is building a very important industry.”

For those who follow the space, the U-URN stimulates the injury. In 2021, Trump’s main objection was that Crypto was “another currency competing against the dollar”, and he tells Fox Business that he wanted the dollar to be “the world of the world.”

Today, the opposite argues.

“I mean, people say it takes a lot of pressure from the dollar, which is great for our country,” Trump said.

It now frames its encryption is not a threat, but as a strategic origin in a geopolitical chess match against China. “If we do not have it, China will do.” “China loves it, and we have dominated this industry.”

Although the rename Trump may seem surprising, it follows a period of severe pressure to encryption and a series of pro -causing moves by his administration. Since his return to the White House, Trump has completely built the industry, which many see the future of financing.

This new wave of financial services is largely built on Blockchain technology, and it is the notebook of the decentralized professor that records the transactions safely without the need for an intermediary like the bank. This “decentralized financing” (or Defi) is located at the heart of the encryption movement.

The Trump administration actively worked to legitimize it. Through the genius law, it recently obtained the approval of a law for stablecoins (a type of encryption linked to a stable origin, such as the US dollar, to reduce fluctuations) and until it announced the establishment of an American encryption reserve.

This organizational embrace, which also includes the Empire of his growing family, has fueled the market gathering. Bitcoin is currently trading, according to the data company, COININGKO, which is more than $ 105,000, and the total value of the encryption market is $ 3.4 trillion, a huge recovery of the “encryption winter” in recent years, which has witnessed the amazing collapse of exchange such as FTX.

As for the manufacturer of discussion and severe fluctuations, the Trump’s general scanning process is a strong stamp, albeit a review, if the approval review. The man who once saw his encryption as an enemy of the dollar now sees a national legacy that he personally built.