"I know that crypto is a big thing and they like it. A lot of people like it, the people behind me like it. My sons are handling that. My family is handling it. And I guess they get investments from different people, but I'm notI have all I can handle right now with Iran and with Russia and Ukraine and with all the things we're doing. So I don't know."
"And the reason I believe in it is because if we don't do it, Scott, I think we can say then China is going to do it. If we don't do crypto, then China's going to do it, and it's just like AI. We're leading AI by a lot. And if we weren't leading, China would have led. You know, they're very capable. They're very good."
A crypto company owned by Donald Trump and his family received a half-billion-dollar investment from a foreign country days before he took office. The investment originated in the United Arab Emirates and was linked to gaining access to highly sensitive processing chips that the previous administration had withheld over national security concerns. The deal was unprecedented and secret. Trump said he did not know the exact details and said his sons and family were handling the venture. He described himself as a big supporter of crypto and claimed to have helped the industry. He argued that U.S. leadership in crypto is necessary to prevent China from taking the lead. He credited the administration with making America the digital asset capital and cited the GENIUS Act for stablecoins.
Read at www.mediaite.com
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