U.S. President Donald Trump Advocates for America's Dominance in Cryptocurrency, Anticipating China's Competition
In the ever-evolving world of cryptocurrency, former US President Donald Trump continues to make waves with his latest announcements. Trump, who has been one of the most prominent political advocates of cryptocurrency in the United States, has recently declared his intention to release another NFT (Non-Fungible Token) collection.
Trump's fourth set of NFTs will follow the success of three previous collections, including last year's "Mugshot digital trading cards." The success of Trump's NFT collections suggests a strong demand for his digital assets in the market.
The Trump family's involvement in the crypto industry has expanded significantly, with plans to release new NFTs and launch innovative crypto ventures. In August 2025, the Trump family launched World Liberty Financial (WLFI), a cryptocurrency initiative co-founded by Donald Trump and his sons. WLFI tokens, set for trade starting September 2025, are a central part of this venture. However, critics have raised concerns about the business model's sustainability due to an "infinite money glitch" approach [1].
Separately, Trump Media, the company owning the Trump family's media properties, raised $6.42 billion to acquire a large supply of the Crypto.com token called Cronos. This deal includes a $5 billion credit line and additional cash investments, marking a deepening partnership with Crypto.com. Trump Media plans to integrate Crypto.com's tokens and crypto wallets into its platforms, advancing crypto adoption within Trump's ecosystem [2][5].
Trump's overall crypto ventures, including NFTs, generated about $2.37 billion by 2025 [3]. This significant income stream is a testament to the public's interest in Trump's digital assets.
Trump's advocacy for the crypto industry extends beyond his business ventures. In early 2025, he signed the GENIUS Act, aimed at codifying stablecoin use and creating a regulatory framework favorable to crypto growth in the US. His administration also formed a digital assets working group to promote innovation, signaling clear advocacy for the crypto industry [4].
In a Bloomberg interview, Trump expressed his concerns about cryptocurrency being picked up in another country, especially China, due to their advancement in the field. He believes that the US should take the lead in the global cryptocurrency race [6]. Trump's call for US leadership in crypto does not come as a surprise given his advocacy for the technology.
Trump, along with Robert F. Kennedy Junior and several crypto industry leaders, will be speaking at the Bitcoin 2024 Conference later this month. The former US President's continued involvement in the crypto sphere underscores his belief in the technology's potential and his commitment to its growth.
[1] [Source] [2] [Source] [3] [Source] [4] [Source] [5] [Source] [6] [Source]
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