President Donald Trump has voiced strong support for Bitcoin and cryptocurrencies, suggesting that their broader adoption could ease the pressure on the U.S. dollar.

According to TheStreet, the statement came during a White House press conference on June 27, where Trump highlighted the growing role of digital assets in the U.S. economy.

“It has become amazing. I mean, it is the jobs that it produces, and I notice more and more you pay in Bitcoin,” Trump said. “People are saying it takes a lot of pressure off the dollar, and it is a great thing for our country.”

His remarks come as major crypto regulation bills are expected to pass in the coming months, potentially reshaping the landscape of digital finance in the U.S.

Trump, who has repeatedly stated that he’s a fan of crypto and sees it as an “industry,” emphasized the importance of U.S. leadership in the space.

“If the U.S. didn’t have the crypto industry, China would lap it

up,” he said.

Despite maintaining a strict ban on private crypto trading and Bitcoin mining, China’s financial authorities are increasingly signaling openness toward digital assets, especially stablecoins and CBDCs. At the Lujiazui Forum on June 18, PBOC Governor Pan Gongsheng announced plans to expand international use of the digital yuan through a new Shanghai-based international operations center and praised blockchain’s role in creating a “multipolar global currency system”.

Although private crypto ownership remains banned, several Chinese courts have issued rulings affirming that individuals can legally own Bitcoin and other digital currencies as property.

Meanwhile, unconfirmed reports have surfaced online, claiming that China may have quietly legalized crypto, with some users on X (formerly Twitter) alleging that Bitcoin and other cryptocurrencies are now being accepted for property purchases, though this remains unverified.

Back in the U.S., Trump doubled down on his pro-crypto stance, even referencing a past idea of using Bitcoin to pay off the national debt. While critics argue that even if the entire BTC supply were held by the U.S. Treasury, it still wouldn’t cover the massive $37 trillion and rising U.S. debt, Trump’s remarks underline a strategic shift towards treating Bitcoin as a serious economic tool.

Trump also addressed the Trump family’s involvement in crypto, stating that while he personally isn’t focused on investing, his children are active investors in digital assets and other industries they believe in.

“I got involved in Bitcoin before I decided to run again. I’m not personally investing, but I’ve built a very important industry,” Trump added.

As part of the U.S.’s ambition to become the global capital of digital assets, Trump has also taken a monumental step through the Federal Housing Finance Agency (FHFA). According to the announcement made on June 25, 2025 by William J. Pulte, FHFA Director, announced via X that he has ordered Fannie Mae and Freddie Mac to begin recognizing Bitcoin and other cryptocurrencies as eligible assets when evaluating mortgage applications, effective immediately.