Trump Refuses To Give Up His Crypto Business

As the United States edges closer to comprehensive cryptocurrency regulation, President Donald Trump’s personal and family involvement in the crypto sector is seen by many as the biggest threat to establish comprehensive regulations for the industry.

President Trump is now faced with a difficult dilemma of either preserving his own personal interest or sacrificing himself for the greater good of the country.

Unsurprisingly, being the unscrupulous businessman that he is, Trump has made it clear that he will always put himself first even if that means the whole country will go down in flames with him.

When asked by an reporters during the press briefing at the White House on Friday, he alluded that Trump was the greatest threat to the American crypto industry

"Many democrats have said that they are not going to support crypto bills in Congress only because of you and your family's personal crypto ventures..."

Trump was then asked if he would consider giving up his own crypto business to ease political pressure and facilitate crypto regulatory breakthrough. Trump said no!

In response to the claims, Trump pointed to competing countries like China, calling them the greatest threat to the American crypto landscape.

"I became a fan of crypto, and to me, it's an industry. I view it as an industry and I am president. And if we did not have it, China would, or somebody else would, but most likely China would love to, and we have dominated that industry."

Trump added

"We have created a very powerful industry, and that is much more important than anything we invest in."

With Congress prioritizing crypto bills like the landmark GENIUS Act, questions about the president’s financial entanglements are front and center for lawmakers, ethics experts, and the public alike.

Congress Pushes Forward on Stablecoin Regulation

The U.S. Senate recently passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with overwhelming bipartisan support, marking a historic milestone for the crypto industry.

This legislation establishes the first federal regulatory framework for stablecoins—digital tokens pegged to the U.S. dollar—requiring issuers to maintain liquid reserves and disclose holdings monthly.

The House of Representatives is expected to take up its own version of the bill, with both chambers aiming to provide much-needed clarity and oversight for the rapidly growing stablecoin market.

Despite legislative momentum, Trump’s deepening ties to the crypto sector have become a flashpoint. The president and his family are linked to several ventures, including the meme coin $TRUMP and a significant stake in World Liberty Financial, a company that recently launched its own stablecoin, USD.

Trump’s latest financial disclosure revealed tens of millions in crypto-related income, underscoring the scale of his involvement.

Ethics watchdogs and lawmakers argue that Trump’s promotion of crypto-friendly policies could directly benefit his family’s businesses, raising serious concerns about public trust and government integrity.

Critics point out that the president’s refusal to divest from these ventures—despite mounting pressure—creates the appearance, if not the reality, of self-enrichment through public office.

“To promise crypto-friendly policies and have your family engage in the same business is ... Conflict of Interest 101,” said Ishan Mehta, director for media and democracy at Common Cause.

Democratic Lawmakers Cuts Off Trump's Ties With Crypto

In response to these concerns, Democratic lawmakers have introduced the Curbing Officials’ Income and Nondisclosure (COIN) Act.

Spearheaded by California Senator Adam Schiff, the bill would bar the president, vice president, and their immediate families from issuing or endorsing digital assets, and require disclosure of any significant crypto transactions.

Violations could result in substantial fines and even prison time.

Schiff directly linked the proposal to Trump’s crypto dealings, stating that the legislation aims to prevent the financial exploitation of digital assets by public officials and restore public confidence in government.

While the GENIUS Act passed with strong bipartisan support, it notably exempts the president and vice president from restrictions on stablecoin involvement—a key point of contention for Democrats.

Some lawmakers had threatened to withdraw support unless presidential conflicts were addressed, but ultimately relented to ensure the bill’s passage.

Despite the controversy, the push for regulatory clarity in the crypto sector remains a top priority for Congress, especially as the U.S. seeks to maintain its leadership in digital finance amid global competition.

However, the debate over Trump’s crypto interests underscores the urgent need for robust ethics safeguards as digital assets become increasingly intertwined with national policy and political power.