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Crypto

Trump Says Crypto Adoption Taking Pressure Off US Dollar

Guavy AI Editorial Team
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BTC
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President Donald Trump has expressed his support for Bitcoin and the wider web3 space, stating that cryptocurrency is a 'big deal' due to its increasing adoption as a form of payment.

In an interview with Punchbowl posted on August 7, Trump noted that more people are using Bitcoin, and that this trend has taken pressure off the US dollar.

This shift in perspective from the President comes amid delays in passing the CLARITY Act, a bipartisan bill aimed at creating clear rules for the cryptocurrency industry.

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