Amid the ongoing delay in the passing of the CLARITY Act, U.S. President Donald Trump has displayed a bullish sentiment around crypto. On Monday, the press asked President Trump if Bitcoin was being considered to be included in the recently launched kids investment scheme — Trump Accounts. Dodging a direct answer to this question, the President said, “Well, I’m a big crypto guy.”
The crypto sector in the U.S. has witnessed massive evolution under the Trump administration, especially in-terms of regulating the $2.2 trillion industry. From regulating stablecoins to tokenizing government bonds — the U.S. has shown a massive adoption of the blockchain and digital money technology in the last two years.
By his own admission, the 80-year-old billionaire said he raced the U.S. towards tapping crypto primarily to leave China behind. The statement came from President Trump on Monday amid the intense AI tensions simmering between American and Chinese tech giants like Anthropic and Alibaba.
While China has kept all-things crypto under a blanket ban since 2021, the U.S. President took credit for the Asian nation not wanting to explore crypto anymore because the U.S. beat them to it.
“We’ve taken over crypto. But I’m a fan. I wasn’t initially. But I’d watch. And I watched it grow. and it’s a huge industry. And I got involved in a little bit for politics, you know, because I realized that a lot of people love crypto,” he said. “And even me as businessman, I’d see a lot of money starting to come in with Bitcoin.”
It is very true that the Trump family has indeed managed to grow its wealth substantially by dabbling into high-stakes crypto-related businesses.
In his latest annual financial disclosure, the second-time President of the U.S. reported around $1.3 billion in income from his crypto-linked ventures. World Liberty Financial accounted for one of the largest portions generating nearly $800 million across token-sale proceeds along with the $635 million fetched-in by Trump-branded memecoin activities.
On Tuesday itself, the Trump-family-linked BTC mining company, American BTC added a fresh batch of 500 BTC to bring the company’s holdings to 8,000 BTC. This marked a 50 percent holding rise from 2025. With this, the company has become the world’s 16th-largest public corporate Bitcoin holder.
Source: BitcoinTreasuries.net
Moving forward, however, political personalities like President Trump could soon lose the priviledge to release their own crypto tokens and memecoins. The much-anticipated CLARITY Act could come with an Ethics Provision, making this a rule.
For weeks, the lawmakers were eyeing July 4 as the date when this crypto market structure bill would inch closer to the President’s desk, however, the date passed a day ago. On August 7, the Senate will break for its summer exit. This could mean that the final passing of this act could take as long as a month at least.
At the time of writing, BTC was trading at $63,663 and ETH was priced $1,792 as per CoinMarketCap. The crypto market has been reeling under pressure arising from the global macro-economic headwinds, which could be overturned with the passing of the CLARITY Act.
