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Market News

Trump Says ‘I Want Crypto,’ Warns U.S. Must Lead or China Will

Trump says crypto is “important, popular, and hot,” noting it stayed stronger than other assets during recent market downturns.

Written By Ronak Kumar Ronak Kumar
Fact Checked by Dhara Chavda Dhara Chavda
Published 2025-05-05·Updated 1 year ago
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Trump Says 'I Want Crypto' Warns U.S. Must Lead or China Will

President Donald Trump has doubled down on his pro-crypto stance, declaring, “I want crypto,” during a recent NBC News Meet the Press interview. Trump stressed the importance of embracing digital assets, warning that if the U.S. doesn’t lead, “China is going to.”

“Crypto is important. It’s new, it’s very popular, it’s very hot,” Trump said. He pointed out that crypto held up better than other assets during recent market downturns, showing its resilience and potential.

Trump slammed the Biden administration for what he called a flip-flop on crypto — cracking down on it at first and now softening the stance for political gain. He emphasized that his support for crypto began long before his current presidential run.

When asked about profiting from the TRUMP token, he denied any personal gain. “I haven’t even looked,” he said, noting he donated his full presidential salary. “Should I contribute my real estate too? I don’t think so,” he added.

The TRUMP token recently surged 50% after Trump announced an exclusive May 22 dinner for the top 220 token holders. The event has raised ethical concerns. 

Senators Elizabeth Warren and Adam Schiff called for an investigation into potential “pay to play” behavior. Even Trump supporter and Bitcoin advocate Senator Cynthia Lummis expressed discomfort.

Despite the controversy, Trump remains firm: “Crypto is too important to ignore.” His message is clear — lead the crypto race or risk falling behind China.

Also Read: Deribit Plans to Enter U.S. Amid Trump’s Pro-Crypto Parade

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.
Dhara Chavda
By Dhara Chavda
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Dhara Chavda is a Research Analyst at The Crypto Times. She covers U.S. crypto regulation — including the CLARITY Act and GENIUS Act — DeFi security and major protocol exploits, and investigations into crypto fraud and enforcement actions. Her work emphasizes primary sourcing and on-chain verification over secondary commentary. Dhara joined The Crypto Times in 2020 and has followed every major market cycle since — the 2021 bull run, the 2022 Terra and FTX collapses, the 2023 banking turmoil, the 2024 spot Bitcoin ETF launch, and the 2025–2026 regulatory cycle — first assigning and reviewing the desk's coverage, and now writing it herself. Her reporting has been cited by international outlets including TheStreet and Argentina's La Nación. She holds a Bachelor of Engineering in Computer Engineering from Gujarat Technological University (GTU), which informs her technical reporting on on-chain data, smart contract analysis, and protocol architecture.

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