U.S. President Donald Trump reaffirmed his increasing support for cryptocurrencies, noting that crypto assets have proven resilient during market recessions more than any other assets, especially the stock market, due to their broad acceptance. He warned that the United States could fall behind in innovation in this field compared to countries like China if proactive steps are not taken.
In an interview with "Meet the Press" on NBC News, Trump stated: "I think cryptocurrencies are important. If we don’t do it, China will. They are new, very popular, and trending a lot. And during market recessions, cryptocurrencies have demonstrated their strength significantly compared to other market sectors, like stocks."
Trump emphasized the importance of cryptocurrencies as a driving force for the American economy, accusing the Biden administration of initially implementing restrictive policies before changing its position later for political gains.
In response to a question about his investment in the meme cryptocurrency (TRUMP), Trump denied any personal benefit, affirming that his support for cryptocurrencies predates his current presidential campaign, and that he has not planned to profit from this currency.
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