Trump: If the U.S. doesn’t develop cryptocurrency, other countries will take over On July 6, 2026, Trump @realDonaldTrump stated during a speech at the White House that the core reason he became a supporter of cryptocurrency is to prevent other countries from taking the lead. He believes that cryptocurrency has a massive audience and is full of vitality. Trump mentioned that the Biden administration initially cracked down hard on the crypto industry but suddenly changed its stance after facing major setbacks in the polls. He also pointed out that a significant amount of capital is flowing into Bitcoin and remarked that no one truly understands just how powerful Bitcoin really is. Source: The White House