On May 23, President Trump attended a cryptocurrency dinner held in Virginia. Trump stated, 'I am not pushing for the development of the cryptocurrency and Bitcoin market out of self-interest. The real reason is that I believe this is the right direction for development. We must make this valuable market work for the United States and must not let China or other countries get ahead.

It is crucial to ensure that the dominance of cryptocurrency is held in the hands of the United States of America. This is of utmost importance. Despite the market seeming sluggish over the past few months, we are actually making significant progress.'